In 2020, research indicates, China positioned itself as the top destination for foreign investment, with a 4% increase to $163 billion.
If you want to learn about the Chinese idiosyncrasy that allows this country, even in contexts of change and crisis, to grow and continue to expand, stay until the end of this article.
Despite the pandemic context, China was the only major economy that managed to grow this year, expanding by 2.3%.
For foreign investors, China has become a destination for innovation and inspiration. It is a key source of their global competitive advantage, especially in terms of supply chains and business model extensions. The resilience of China’s supply chain is demonstrated by its impressive export growth of 3.6 percent in 2020, an improvement from 0.5 percent in 2019, according to Chinese customs data.
A clear example is the city of Shenzhen, a former fishing village that in the space of 30 years has become the epicenter of innovation and the technological pole of China.
With more than 10 million inhabitants and a Gross Domestic Product (GDP) estimated at US$270 billion, Shenzhen is consolidating its position as one of the most important cities for the economic future of the Asian giant.
How did they achieve this?
Thanks to China’s governance model, which combines efficient top-down planning with a dynamic and innovative entrepreneurial class, driving economic reform and above all seeking to advance the opening-up process through ports.
The city of Shenzhen in particular, in addition to having a port with a strategic position in the Pacific that is currently equipped with more than 140 docks to meet the dynamic flow of trade, has attracted entrepreneurs, investors from the rest of the world, and has obtained an unprecedented economic, industrial, urban, social and technological development.
Did you know that…
Our head office, staff and operations center is strategically located in Shenzhen, in order to provide solutions, optimizing and facilitating every part of the import process. We want you to know the great advantage that this means, and the benefits you have access to, by having a physical presence in China.
If you are already an importer, you know what we are talking about, and if you have never imported before, here we tell you about it.
