China: How to Do Business
From February 2005
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How To Do Business With the World’s Largest Consumer Market
By Janis Dice
In 1988, Eric Ryan, president of Ryan Security Technologies Ltd. in Sacramento, planned to take an accelerated Arabic language course to help him succeed in the global business world. But a family vacation to Hong Kong just before classes started changed his mind, and his life.
“It was so obvious to me that China was opening up,” he says. “My trip was very fortuitous because it was a good time to get involved in China as an American businessman.”
It still is, only more so.
The United States’ third-largest trading partner, the People’s Republic of China, increased worldwide imports by 40 percent to $412 billion in 2003, up from $295 billion in 2002, with California companies exporting nearly $40 billion in goods to the PRC in 2003.
That made California the nation’s number one exporting state to Asia, with China and Hong Kong together rising to California’s fourth-largest export market.
Continued...
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