Doing Business in China For Dummies®

The Experts’ Choices: Some Long-Term Growth Industries in China

China’s biggest areas of growth are mainly consumer products and financial services, but they also include real estate, transportation, retailing, pollution control, and much more. In an economy growing as rapidly as China is, you see a great deal of long-term growth industries. Here we’ve made a short list of areas that experts have identified as having particularly bright long-term growth prospects.

Services

You can make good money by providing services either to Chinese people and companies or to other foreigners. On the Chinese side, here are some areas expected to grow substantially over the long-term:

✓	Travel
✓	Financial services
✓	Education

And here are some growing areas in catering to foreigners:

✓	Legal
✓	Consulting
✓	Manufacturing support

If you want to focus on the foreign consumer business, you can also find good niches there, depending on your business’s location.

Healthcare

China’s healthcare market should continue to grow rapidly for a number of years because of China’s aging population, increased wealth, wider availability of insurance, and greater interest in health issues. Also, China’s massive number of smokers (see Chapter 5) may boost demand for healthcare.

You should see opportunities across the board in healthcare — from opening medical clinics to making and selling pharmaceuticals and medical devices. Some analysts estimate that the size of the Chinese pharmaceutical market will be the same size as ...