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Sunday, September 5, 2010

China - The Place for Doing Business

China is the 'place' for doing business nowadays. Everybody is taking advantage of China's booming economy and going there to do business. The answer whether it is possible to do business in China is YES, and it is still not too late to seize a small share of China's economy and make profit.

It depends on what type of business you want to do with China. The investment will depend on the type of business. Some Malaysian companies are doing big there, having their production facilities or factories in China and this will require heavy investments, probably millions of US$. Some of them invested in projects, like waste and water treatment, information and communication technologies (ICT), infrastructure, real estate and so on. These also require heavy investments, and some of them in billions of US$.

Don't talk about millions or billions of US$ unless you have such financial capability. We can also do business with China in smaller ways. For instance, if you want to do trading, the investment needed is not as high as compared to other types of business. A lot of people do trading with China. Many of Malaysians also do trading. For those who buy or source Chinese products, normally they visit some of the well known wholesale or retails markets in China and look themselves the products they want to buy. They either bring back the products by hands or appoint an agent to ship the products back home. This kind of trading is small but the profit margin can be big.

Will continue.....

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