A Brief Overview of the Chinese Market
China, the world’s most populated country is expected to reach a population of 1.39 billion by the end of this year. More than being a populated country, it is turning out to be an extremely lucrative business market with every company aiming to take its business into the China. China is not only the second largest world economy but now; it is the world’s largest consumer market too.
The global market of China is also blossoming. Today, there are over 800 million internet users in China. 60% of this population takes into account the products and services shared over the internet. Many manufacturing companies of the Western world enter into China because of the cheap manufacturing costs; the online businesses expanding into the Chinese market find China to be equally worthwhile.
Entering and Expanding Into the Chinese Market
While the big businesses find it relatively easier to enter and survive the Chinese competition, many small businesses keep struggling for years until they find a stable position. From obtaining a business license to recruiting the right people, all of it takes sufficient time and resources.
Things are different when it comes to the online market. According to a recent statistic, the Chinese users spend around two billion hours on the internet on a weekly basis, while 800,000 people start using internet every week.
The pace with which the online Chinese market is growing shows no sign of deceleration. Surprisingly, there are many search engines that are providing search results in the Chinese language. That is quite an achievement!
It’s All about Business
The reason behind Western businesses entering the Chinese market is quite clear now. However, when businesses penetrate an entirely different market, they need to be familiar with the customs and norms of that market, to thrive in it. In this situation, employing a strong Chinese translator could facilitate the transition effectively and conveniently.
Having said that, the pros of entering into the Chinese market are far more overpowering than the cons. If a business finds itself in a position where it is ready to enter foreign markets, starting off with China would be a sensible decision.
If your business needs professional Chinese translation services to support itself in the pursuit of capturing the Chinese market, the team at Limpid Translations would be more than willing to serve you.
At Limpid Translations, our highly professional translators will offer you Chinese voice over services, Mandarin Chinese voice over services as well as Chinese to English translation online and vice versa, accompanied with additional business solutions. Browse our website to avail our services.