MAL27 INTEGRATED SERVICES NIG LTD: 5 REASONS TO TRADE IN CHINA

China is the world’s second largest economy and a vital trading partner for many countries, and we at Mal27 Integrated Services Nigeria Limited hereby recommend China as an obvious choice for anyone looking to expand their business overseas.

China is currently the world’s largest exporter and can be ranked as the world largest supplier of goods according to the current evaluation of the international trade.

At first, doing business in China might appear difficult due to cultural differences. But these should be turned into a competitive advantage and not seen as obstacles. For example, Chinese society is generally considered a very traditional one, where interactions are governed by status, and the key to success is fostering good relationships with the right people known as “Guanxi”. Chinese in business generally are like many westerners, they are goal driven, striving to be successful in everything they do.

We at Mal27 Integrated Services Nigeria Limited have put together 5 Major Reasons to Trade in China

1. Large Market, Large Potential

China is the most populous country in the world with a population of over 1.4 billion people covering up to 18.54% of the whole world population. China's GDP has grown around 9% a year for three decades since the country began experimenting with capitalism in 1978. Currently, China's purchasing power is ranked second in the world after the United States.

Have you considered expanding sales to this market or simply make the investment to be there? China is already a huge and essential market for many foreign businesses, many choose to simply be there to prepare for the current and future opportunities

2. Reduce Costs

Labels "Made in China" are virtually everywhere for a simple reason: Manufacturing most labour-intensive goods are much cheaper in China than in the west. Aside from cheap labour, companies find that there are significant cost savings in other areas as well, such as lower utility costs, the concentration of suppliers, etc.

Forget the unions, labour regulations, and constantly changing laws that can cripple a project before it begins. Having products made in China come with business-friendly regulations. With low-cost materials and labour, you can get the results that you need without spending a fortune. And you can save 20-30% on your costs if you choose a Chinese manufacturing partner who can navigate the world of overseas business.

3. High Work Ethics

It is well known that Chinese people have a very high work ethic and look to succeed by developing a wide array of professional skills. As a result, business traders will nearly always be dealing with highly committed and competent Chinese netizens who are keen to excel not just for their personal gains, but also for the larger aims of achieving their company’s goal. This, combined with the high level of organization and discipline within Chinese companies, makes doing business in China not only profitable but highly rewarding.

4. Incredible Efficiency

Factories in China are known around the world for their incredible efficiency and speed. The manufacturing process can begin with little or no interruption once the production line is set up, this scenario is also ideal for when the demand is high, and time is of the essence in business.

5. Worldwide Shipping

The products made in China are easy to ship across the Globe. One major advantage of manufacturing in China is that you do not have to focus on simply domestic markets. Goods can be distributed and products can be sold simultaneously to people on different sides of the globe all thanks to the global market.

In conclusion, with more businesses turning to China, quality is improving every year thanks to improved manufacturing processes and quality standards. China is now the manufacturing capital of the world, and the products coming out reflects why. Consumers want quality products but low in price making China an ideal manufacturing site.