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Get to Know About China
China is one of the biggest and most populous countries in the world. Located in East Asia, this global powerhouse covers an area of 9,600,0000 square kilometers and is home to about 1.404 billion people (2017 UN Approximation).
Doing business in China, as you can see, means getting access to one of the largest markets in the world. Additionally, being a potential new superpower of the world, the country has been going through rapid advancements in the economic and technological sectors. It has the largest e-commerce market in the world (according to the World Economic Forum). With government incentives and continual amendments in the rules to make buying and selling (importing and exporting) more accessible in the country, it is no surprise that leading global brands are emerging from China.
China is the biggest trade partner for many countries. Also, depending on your area of interest in opening a company, you can get an inexpensive workforce. Anyway, the country has been investing a lot in education and skill training these days, which is, of course, going to be a plus point for you. The corporate tax rate is 25%.
Anyway, China has its shares of problems, for example, good law but lack of implementation and duplicate products. Also, depending on the type of your business, you might need to stay in China to run it. Moreover, the market competition is fierce, and the economic inequality and language difficulties might impose some problems on you.