- China has become the largest manufacturing center in the world with its low labor cost as well as adequate
resources. - Many Fortune 500 companies have invested heavily in China. Small- to Medium- companies is starting to
expand their investments in China. - China's domestic market is expanding rapidly, importing an abundant amount of American goods for its 1.3
billion populations. - China joined WTO (World Trading Organization), reducing duties and removing non-tariff barriers.
- China has become the fastest growing economy in the world. An average of 8% GDP increase annually brings
China a great business environment to the world. - The total value of goods and services has been growing at a double digit rate for over 20 years. Although
growth figures are now in the single digits (about 7.3 %), this is a large market that cannot be ignored
Is it time to go China?
It’s Time of Medical Device Companies Can Enter and Expand Their Business in China
Overview
The future is bright for many foreign medical device products in the China marketplace. Such optimism is based
on the following factors--
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