Asia Perspective’s Market Insight reports are issued throughout the year and feature hot business topics and recent developments within emerging Asian markets.
As the commercial trade war between China and the US rages on without a solution in sight for the near future, companies around the world are reviewing and exploring options to minimize the disruptions in supply chain caused by it.
China’s medical device market in 2016 was estimated to be approximately $56 billion USD making it the second largest behind the United States, making it a big surprise that China’s market in 2000 was only estimated at $3 billion USD.
Trade wars are not only affecting the warring parties, but also cause collateral damage to third country businesses due to globally integrated supply chains.
Download our 2018 report to get an insight into the compounded opinions of over 1000 sourcing professionals around the world.
Changing Chinese Drinking Habits are Creating Opportunities for the Craft Beer and Imported Spirits Markets
Changing Chinese drinking habits mean consumers have a taste for premium and new products, creating opportunities for beer and spirits manufacturers.
Currently, there are over 300 million upper-middle class consumers in China. These consumers desire imported products that offer them a high quality and premium experience.
Manufacturing has been one of the foundations and main drivers for the expansion of China’s economy, placing it as one of the world’s leading economies today.
China Opens its Markets to the World: Lifting of Foreign Ownership Restriction on Automotive Industry
China’s entry to the World Trade Organization (WTO) in 2001 opened many sectors to foreign investment, however, significant ownership restrictions still remain today in many areas creating barriers for entry for global companies.
China started the development and promotion of electric vehicles (EVs) in 2001 and aims to become a dominant global producer.
In China, the sphere of the sharing economy has been extended to include the medical industry, and nurse sharing has appeared as a new kind of service delivery offering basic treatment for patients in their homes.
Biomass is a form of renewable source of energy that comes directly from crop production and livestock and includes categories like manure, food crops, forest debris and certain types of water residues.
Strategically positioned along major sea lines connecting East Asia, South Asia, and Oceania, Indonesia holds a wealth of natural appeal for foreign investors.
European GDPR will enter into force by end of May. This means that all companies operating in the European Union must abide by the rules as of day one.
Reputation management has been put on the agenda of nearly every company board over the past few years, and its importance is unanimously acknowledged.
The Chinese healthcare sector continues to develop at an extraordinary pace, with health care spending expected to top $1 trillion USD in 2020.
Thanks to its rapid growth in recent years, China has emerged as the world’s largest consumer market for food and beverage (F&B), surpassing the United States in 2011 and making the Chinese market increasingly appealing for foreign brands as consumers’ behavior shifts.
Increasing labor costs close to the large freight harborsand improved collaboration across key land borders resulting in a decrease in the fright time, is making rail freight from China to Europe an attractive alternative to air and ocean freight.
Although the global market for non-ferrous metals is not promising, China is taking actions to revive the market.