China to be world's biggest importer



David Nealis of Blue Bridge

China to be world's biggest importer

The Minister of Commerce Chen Deming said that China is now the world's second largest importer and will become the biggest importer within a few years. He said that China not only provides the world with high-quality products at low costs, but also buys high-end goods supplied by global brands, while he was speaking at the China Development Forum 2012. The growth rate of China's retail sales stayed between 16% and 18% over recent years which is higher than its GDP growth, indicating the country's huge purchasing potential, according to the minister. 

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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