By now the world is aware of China's unprecedented prolonged double-digit growth in GDP,exports,manufacturing and other economic sectors. Economists and Central Bankers have taken notice of China's $1.5 trillion dollar reserves, $3 trilliondollar savings and the rapid growth of millionaires and billionaires.
Moreover,despite US and European financial market turbulence in mid 2007,China's trade balance for July 2007 was a near record $24.4 billion dollars, its exports grew by 34% despite rising oil imports and reductions in rebates to exporters and interest rate increases. China's GDP is expected to grow at nearly 11% for 2007 (Financial Times July 20,2007),the highest rate of growth in the new millennium.
To get a sense of how completely China dominates low-cost manufacturing, Import from China, consider Wal-Mart. Wal-Mart is America's-and the world's-largest corporation. Its revenues are eight times those of Microsoft, and make up 2 percent of America's GDP. It employs 1.4 million people, more than GM, Ford, GE and IBM put together. In 2006, U.S.based Wal-Mart was responsible for $27 billion in U.S. imports from China, Of Wal-Mart's 6,000 suppliers, 5,000 - 80 percent are in one country - Import from China.(according to Economic Policy Institute)
Guangdong Import Export China Guangdong - Well known as a "capitalist state" of the nation, is the top import and export state in China. By September 2006, the import and export was 162.6 and 213.29 billion US dollars respectively, the total import and export value was 375.89 billion US dollars. The import and export value is the highest among all provinces, and of one third of the nation, according to Guangdong Government Offical Report on October 25, 2006.
From the most recently report at The 100th Session of Canton Fair in Guangzhou China in 2006, the export contract confirmation value was 8.85 billion U.S.dollars signed by Guangdong Province, 4.85 billion U.S.dollars signed by Zhejiang Province and 3.36 billion U.S.dollars signed by Jiangsu Provice during October 15th to 31st, 2006 at Canton Fair. The total export confirmation value of three provinces are 17 billion which is 51% of the whole nation of China. Import / Export of Guangdong has ranked No.1 import and export state for over two decades since china began its market reforms.
A report from GlobalInsight, the world's leading company for economic and financial analysis and forecasting, saying, In 2005, the Shanghai-Jiangsu mege-province's GDP was $335 billion, making it the sixth largest in Asia and 22nd largest in the world. Guangdong's 2005 GDP was $265 billion and the Beijing-Tianjin-Hebei mage-regional GDP was $251 billion, ranking them the 7th and 8th largest Asian economies, respectively. All three regions are along the coast of Chna or, in the case of Guangdong, bording Hong Kong. It continually say, The undisputed champion in economic openness, however, is Guangdong province. Because of its proximity to Hong Kong, Guangdong has been able to attract vast of export-oriented investment from Hong Kong since the outset of China's market reform. Merchandise trade accounts for about twice Guangdong's annual GDP, with nearly 17% of FDI into China in 2004 going to Guangdong.
China Import and Export Commodity's Fair The best way to be connected with if choosing Import from China. CECF, also called Canton Fair, is held twice a year in Spring and Autumn in Guangzhou China(capital of Guangdong) since it was inaugurated in the Spring of 1957. The majoy feature of CECF is:
China Manufacturers and Global Sources - Another major method to find China manufacturer and China Supplier when choosing Import from China. Global Sources is a 35 years B2B online media company. From there you will discover thousands of top quality products choices and hundreds of suppliers with strong commitments to exporting in every industry-specific Global Sources magazine.
AsiaWorld-Expo,Hong Kong This is the best trade show of Global Sources Consumer Electronics in Hong Kong. It is the Global sourcing destination for the newest and most in demand consumer electronics.It can be Registered on line at AsiaWorld-Expo,Hong Kong
Let's assume you intend to Import from China and seeking suppliers at Global Sources. At Home Page on your left side column bar, find Search at left hand, click it, you will be in Products / Supplier / Country page, select the categories, then select Suppliers right beside Categories box, and enter keywords “Guangdong or Guangzhou “ in the keyword box at right side of Supplier box. After the above has done, a supplier list all from Guangdong or Guangzhou that show you more detail information of the company’s profiles. This is how you find your China supplier and China manufacturer when Import from China.
A Great Way to Start
A great way to start your export planning is through the U.S. Commercial Service, the trade and investment promotion arm of the U.S. Department of Commerce’s International Trade Administration. With more than 100 offices across the United States and locations in more than 75 international markets, we offer customized market research, Country Commercial Guides (CCG), and a range of other tools and resources to help your company identify the most appropriate markets for your product or service.
Market Research Is Key
Market Research Is Key to Export Success A successful export plan must first critically review and assess foreign demand for your product. Effective market research can put you on the right path and help eliminate export inefficiencies. Our international offices and industry teams provide a large and continuously updated collection of free market research (CCG and market intelligence program) on trade.gov, the federal government’s export portal. In addition, we offer the following customized market intelligence for U.S. exporters of U.S. goods and services for a modest fee.
US Department of Commerce
The U.S. Department of Commerce, headquartered in Washington, D.C., houses agencies that deal with industry, trade, the environment, and economic growth and development. Because we live in a global environment that continues to grow smaller, careers in Commerce are diverse and include fields that affect all sectors of commerce, both traditional and new.
Country Commercial Guides(CCG)-Trade with China
Country Commercial Guides (Free) The CCG are your resource for how to do business in an international market. Updated annually by trade experts at U.S. embassies and consulates, the guides provide critical insights into economic conditions, leading sectors, selling techniques, regulations, business travel, and more. CCG are available for more than 140 markets. Check them for information on tariff and nontariff barriers, export controls, import requirements and documentation, product standards, and trade agreements.