Growing Business in China

Click to edit Master title style Click to edit Master text styles Second level Third level Fourth level Fifth level 6/18/14 ‹#› Growing Business in China Exchange Rate - Floating Currency - Fixed Currency GDP - China vs. US GDP - Impact of GDP Import/Export - US/China Trade Tariffs & Trade - China & the WTO - U.S. Relations Next Steps - Accepted Industries - Laws & Procedure Strategy - Increase Success Floating Currency Rate Widely Accepted Currencies Fixed Currency Rate Exchange Rate Determined By Markets 6.23 Current Rate Exchange Rate 6.23 Exchange Rate Gross Domestic Product 1984 1996 2008 2016 10K 20K 2028 30K 2017 US China $15,781 $15,833 Gross Domestic Product 2013 Q1 120 123 126 2013 Q2 2013 Q3 2013 Q4 129 2014 Q1 US Exports US Imports 2004 2005 2006 2007 50K 100K 200K 300K 2008 400K Import & Export 2009 2010 2011 2012 50K 100K 200K 300K 2013 400K The Last 5 Years In 2002, China began to reduce tariffs… Trades & Tariffs By 2005, most products received final tariff cuts Trades & Tariffs “China’s entry to the WTO … had lowered tariffs on the goods of greatest importance to US industry” Animal Products Trades & Tariffs Fruit & Veggies Sugars Cotton Fish & Products Petroleum Textiles Electrical Mach. 14.8 9.4% 15 4.8% 27.4 0% 22 0% 11 6.6% 3.3 50% 9.7 .2% 8.8 26.6% Representative Office Foreign Investment Administration of Industry The Next Steps and Commerce (AIC) Visas Legal Representation The Next Steps Only a Chinese Lawyer may represent business in legal matters The Next Steps Strategies Authorized Foreign Industries Business Plan Local Contacts Strategy Currency Exchange Rate Base of Operations Tariffs & Taxes Summary Exchange Rate Summary Exchange Rate Gross Domestic Product Summary Exchange Rate Gross Domestic Product Import & Export Summary Exchange Rate Gross Domestic Product Import & Export Trades & Tariffs Summary Exchange Rate Gross Domestic Product Import & Export Trades & Tariffs The Next Steps Summary Exchange Rate Gross Domestic Product Import & Export Trades & Tariffs The Next Steps Strategy