China's Growth Discussion

ChrisBee2010 New member

Member since 18 October 2010

ChrisBee2010New member27 October 2010 02:19:03

As everyone knows, China is rapidly growing and looks to continue to do so in the near future.聽 My questions is, in what ways can someone effectively benefit from this growth?聽 Any suggestions on investing in certain industries, starting business in certain areas, learning about China, etc.?聽 Economic trends, culutral immersion suggestions, and any other suggestions are welcome.聽 Thanks!

BirdRockster Member

Member since 18 October 2010

BirdRocksterMember27 October 2010 02:59:02

First, you need to give yourself an advantage or 聯leg up聰 in benefiting from China by learning Chinese. You can do this with teachers online at places like Surf Chinese , using online dictionaries like nciku or jukuu, or try some other software for personal use.
Second, you need to research areas that the government taps as a focus for growth. This can be risky, as you need to pick the right companies, but if you invest well, you can make enormous gains. If you want to do business here, you may want to start with e-commerce as a cheap entry point. You could consider selling goods online at places like taobao and hire a cheap translator for a one time job of translating your item descriptions into Chinese. If you want to immerse yourself in the culture, you need to preferably live in an area outside of a major city. 聯2nd tier cities聰 are a great place to start as few people speak English there and you will see one of the fastest growing sides of China.
I hope my advice helps! Good luck!