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30 Country starter pack Getting started in China Heilong jiang Key demographics Beijing Jilin ¥22.2K ¥19.5K Xinjiang ¥19.8K Shanxi ¥22.4K Gansu Hebei ¥22.5K ¥40.3K ¥18.9K Inner Mongolia ¥25.4K Ningxia ¥21.8K Liaoning ¥25.5K Tianjin ¥32.2K Shandong ¥28.2K Jiangsu ¥32.5K Shanghai ¥43.8K Zhejiang ¥37.8K Fujian ¥30.8K Tibet ¥20K Qinghai ¥19.4K Sichuan ¥22.3K Yunnan Hainan ¥22.9K Guizhou ¥20.6K Henan Anhui ¥23.1K Jiangxi ¥21.8K ¥23.2K Guangxi ¥22.3K Chongqing ¥25.2K ¥23.3K Hubei ¥22.9K Shaanxi ¥22.8K Hunan ¥23.4K Guangdong ¥33.0K POPULATION (million) GROSS REGIONAL PRODUCT (RMB) < ¥2 trillion ¥2-3 trillion ¥3+ trillon PROVINCE AND INCOME
Country starter pack Getting started in China 31 Factors to consider when deciding where to locate: • Proximity to market and suppliers • Quality of logistics and labour skill levels • Costs – for example land, labour, utilities • Reliability of local infrastructure, particularly the power supply and access to water • Availability of a good agent or distributor • Fast growth and high costs versus low costs and low competition • Demographic factors such as income levels, market size and preferences • Availability and duration of tax or other incentives • Coat-tailing on someone else’s existing marketing and distribution network • Leveraging off an existing Australian business or a sister-city relationship • The level of local authority support for foreign businesses • Using a foreign trading zone, trade development zone or special economic zone • Why another Australian company selected a particular entry point. Your level of need for skilled workers may be a consideration in your choice of location. Among the consequences of China’s rapid growth are a high demand for skilled staff and resulting skills shortages across various sectors and regions. In certain industries there are also restrictions on the employment of expatriates, which can add to the challenge of finding experienced, skilled workers for your business. Thus, your choice of location may be vital to securing a ready supply of skilled workers. The central and provincial governments have launched a variety of free trade zones, special economic zones, export processing zones and technology development zones. Depending on the nature of the zone/region, foreign businesses receive various administrative and trade incentives such as easier licensing processes, tax concessions and advanced infrastructure to encourage the establishment of businesses and industries. There can also be advantages relating to trade barriers, tariffs, quotas and bureaucratic requirements. In your research, it might be worth checking with your Australian state trade office to see if your state or city has a relationship with a special trade zone in China (such as a sister city arrangement). It may also help to talk to successful Australian businesses in China about how they came to choose their location. One of the special zones that could be of particular interest to Australian businesses is the Shanghai Free Trade Zone (FTZ), which was launched in September 2013. This zone is listed in ChAFTA as a key area for innovative and liberalised Australia-China cooperation. It is in an area where the Chinese Government is trialling policies and regulations that encourage administrative innovation, as well as stimulating trade and investment with plans to expand these regulations across China. Measures being trialled within the Shanghai FTZ, such as liberalised regulations, simplified business registrations processes and taxation benefits, have the potential to significantly open up the services sector to foreign investors. Critics have complained of slow progress, but this has not deterred a significant number of local and foreign enterprises establishing in the zone in the anticipation of more favourable policies in the future. Based on the model of the Shanghai FTZ, three more FTZs will be established in China in 2015. These will be set up in Tianjin city, Guangdong province and Fujian province. Each is to make full use of its geographic location and carry special local features.
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Country starter pack Visiting China
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Country starter pack Engage with us
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Country starter pack Engage with us
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© August 2015, Asialink Business.
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China

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