Today and April 18th Growth Nation is presenting information to Arizona businesses on the opportunity for them to grow with trade to China. Today’s event is scheduled at the Arizona Technology Council headquarters and is presented by the Arizona Technology Council and the Arizona Chamber of Commerce and Industry. Today’s event is FULL and so if you don’t have a place reserved, please hold on till April 18th. Note that the April event will be at the Arizona Chamber – watch for more details.
The host organizations along with the Arizona Commerce Authority welcome Arizona-based businesses on a business trade delegation to China in September, 2011. Let us know if you have questions and require additional information. In addition the Arizona Technology Council will be hosting a trip to India in October, 2011 and Growth Nation is supporting that trip, too. Stay tuned for more details.
The rapid growth of China is creating importing, exporting, technology and investment opportunities for Arizona companies. The purpose of the September trip is to facilitate connection with these opportunities.
The numbers behind China’s rise are staggering. For instance did you know that in the US there is only one city – New York City – with over 5 million population. There are 93 cities in China with over 5 million people!
There was only 1 IPO in Silicon Valley in 2009. There were 23 in Beijing! We could go on and on.
China’s GDP now exceeds Japan and China has become the second largest economy behind the US. The outlook is strong – with 8-10% GDP growth in 2011. At forecasted rates, China’s GDP may surpass that of the US in 2030. Sources of this data will be supplied in the meetings.
So there is a great opportunity for US businesses to export to China. For Arizona, China is the #3 export market behind Mexico and Canada. It’s also a good time to consider exporting because of incentives and resources available due to the National Export Initiative. We’ll have more to say about these in the meetings.
China is also a great place for technology companies. The population is more and more educated with science and engineering. 40% of new degrees in China are science or engineering versus 15% in the US. Also China IT exports have now exceeded those of all countries including the US. In 2011, China is forecast to have more patent registrations than any other country, too.
Finally outbound Chinese Foreign Direct Investment (FDI) is booming. FDI from China was less than $10 billion in 2004, but it rose to $41 billion in 2008 and $59 billion in 2010. Now is the time to engage in the China boom, and let us explain more deeply how. We hope to see you Monday, March 28th or April 18th in Phoenix. If both of these dates are inconvenient, please give us a call.
Grow globally with China!
About Doug Bruhnke