Exchange Database
Learning how to operate in China
Small and medium-sized enterprises or SMEs, are considered a prime economic growth engine for most modern economies. At a conference sponsored by the American Chamber of Commerce in Shanghai, officialsand participants touted the opportunity that China offers SMEs. Under the title of Small Business is Big Business: Seizing Untapped Opportunities in China for US SMEs, the event was held at the Westin Bund Center in Shanghai. It not only attracted US SMEs in Shanghai, but also provided a free live webinar to entrepreneurs around the world. The conference focused on the promotion of trade support in China and the US for SMEs interested in expanding into China's market. Attendees learned how to do business in China and how the government can assist them.
Outcomes:
Shanghai,one of the most important economic centers in China, has already built relationships with all regions around the world. In 2013, Shanghai attracted $24.63 billion of foreign investment which accounts for more than two thirds of Shanghai's local revenue last year. Panelists also shared some practical suggestions with foreign SMEs in China. For example, political lobbying is very important for foreign investors in China, said John Tang, managing partner of Manma & Diamond. "Chinese local officials will provide you lots of assistance if you choose one of the projects supported by the government."
Government?:
No
Type of Exchange:
business
Partners:
American Chamber of Commerce
Sponsor(s):
American Chamber of Commerce
Participants (Types):
commerce specialists, entrepreneurs
Exchange Date:
Wednesday, September 3, 2014
Continuing:
No
Location:
Shanghai, China
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