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James Chan, Ph.D., PresidentAsia Marketing and Managementwww.AsiaMarketingManagement.comOctober 22, 2008IFAI Expo, Charlotte Convention CenterCharlotte, NC
Opportunities & Challenges in the China Market
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Three Phases of Trade with China(in billions of US Dollars)
0100200300400
Exports Imports
(1) 1980-1989; (2) 1989-2002; (3) 2002 to present
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Wall Street Journal, July 29, 2008, page A9
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Wall Street Journal, August 30, 2008, page A7.
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China Graduates 350,000 Engineers Each Year Compared To 134,000 in the U.S.
(in thousands)
0
500
1,000
1,500
2,000
2,500
3,000
1993 1995 1997 1999 2001 2003 2005
Source: National Bureau of Statistics of China
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China’s Share of World Scientific Literature: 1979-2007 (<1% in 1981 to 9% in 2007)
01000020000300004000050000600007000080000
1979 1982 1985 1988 1991 1994 1997 2000 2003 2006
No. of Papers
National Science Indicators, Christopher King, Thomson Reuters.
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Chinese R&D CentersChina graduated 19 Ph.D.’s in 1983; in 2007, it
graduated 50,000 (same as in the U.S.)
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
2002 2003 2004 2005 2006
AcademicCorporateTotal
Source: National Bureau of Statistics of China
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China Has One Lawyer Per 10,000 People (1:300 in the U.S.)
020,00040,00060,00080,000
100,000120,000140,000160,000180,000
1985 1994 1996 1998 2000 2002 2004 2006
Year
Source: National Bureau of Statistics of China
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Chinese Industrial Fabrics Market
Annual textile market: 36 million tons Industrial fabrics: 5.4 million tons (15%) Growth rate: 10% Annual import: $1.2 billion (23% from the
U.S. followed by Germany, and Japan) Growth areas: civil engineering,
automobile, water treatment, sanitation, agriculture and fisheries
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Beating the ‘China Curve’:Key to Success
Time
Sales
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Building Relationships with Your Partner
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Visiting Your Partner’s Factory
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Your Partner May Be Your Competitor
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Cultivating Insiders
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Learning the “Unspoken Rules”
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China Is An Anthropocentric Culture
2008 Standing Committee of the Chinese Political Bureau