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Sourcing Origin Co.,Ltd.

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Chinese Core Market for Procurement

Chinese Core Market for Procurement

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Product Description

China is becoming the core market for global sourcing
Multinational companies need China's vast market. China's sustained and rapid economic growth in recent years has become an important driving force for the world's economic growth. At the same time, China's cheap labor has enhanced the competitiveness of China's manufacturing industry around the world, and has also made the Chinese market the most promising procurement market in the world. More than 400 of the world's top 500 companies have invested in China, with more than 3,000 projects. As of October 2004, 12.5% of the world's top 200 retail companies have entered China, and 12% of companies have entered Asia and are ready to enter China. There are also 50 of the world's top 200 companies. We are actively developing markets outside the homeland. Although these giants have not yet entered Asia, they do not rule out the possibility of entering China directly.
China attracts multinational companies to invest in a unique position: more than 400 of the world's top 500 companies have invested in China, with a total of more than 3,000 projects, of which 50% are invested in technology-intensive industries such as automobiles, electronics, and metallurgy. Above, almost all industrial project multinational companies have entered China.
In order to promote cross-border procurement, China will further relax the policy of foreign purchases and exports in China, allowing foreign investors to set up wholly-owned export procurement centers in some regions, and engage in the procurement of products and related supporting services in China.

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Product Categories : Sourcing And Procurement > Products Sourcing

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