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China

Export Opportunities for U.S. Businesses

China Country Facts       download

 

KEY TRADE INDICATORS


GDP of
$9.76 
Trillion  


2013


Largest
Economy in
the World


2014


$1.95
Trillion in
Imports


2013 est.


U.S. is 4th Largest
Provider of Goods
& Services


2013


Second Largest
Civil Aviation
Market


2013

 

 

ECONOMIC AND BUSINESS ENVIRONMENT

China continues to make steady progress on the world stage as an emerging market in which to do business. The World Bank recently ranked China 96th (out of 189) in its Ease of Doing Business Report. Although doing business in China can be laborious, like all business decision, you must carefully research for a long-term strategy. For many companies, representation in China by Chinese agent, distributor, or partner that can provide local knowledge and contacts will be critical for success. Intellectual Property rights holders should understand how to protect their IP under Chinese law before entering the China market, and should conduct thorough due diligence on potential partners or buyers before entering into any transaction.

 

TOP INDUSTRY EXPORT OPPORTUNITIES


Safety and Security

Safety and Security 
As one of the world’s fastest growing economies, the market for safety and security equipment in China reached $7.24 billion in 2013. As China undertakes numerous large-scale projects nationwide including airports, sports stadiums, and metro systems there is a growing needs for installation of extensive security systems. Before selling into China, U.S. exporters need to be aware of China certification requirements as well as potential U.S. export controls.

Aviation

Aviation
China is the world’s second largest and one of the world’s fastest growing civil aviation markets. As the number of airports and aircrafts increase, they will require new infrastructure, aircraft engines and parts, pilots, controllers, communication/navigation/surveillance systems and other equipment presents significant business opportunities for U.S. exporters.


Coal

Clean and Coal Technology
China is the world’s largest energy consumer and the leading emitter of greenhouse gases. In 2013, coal accounted for 65% of China’s overall energy consumption, and the most coal-dependent country among top energy consumers. Minimizing these emissions is both a short and long term goal. The bestselling opportunities in the clean coal technology sector pipeline fabricators for CO2 transportation, information technology companies, materials suppliers, and engineering contractors for CO2 utilization, storage monitoring service suppliers and Emergency Response services suppliers for CO2 storage, coal gasification technology exports/licensing.

Download China's Country Commercial Guide for more exporting opportunities

 

TRADE REGULATIONS & CUSTOMS INFORMATION

Import Tariffs
There are many tariff regulations. A comprehensive guide and information to the tariff schedule and national customs rules and regulations can be found here.

Tariff Rates
China Customs assesses and collects tariffs. Import tariff rates are divided into six categories: general rates, most-favored-nation (MFN) rates, agreement rates, preferential rates, tariff rate quota rates, and provisional rates. As a member of the WTO, imports from the United States are assessed at the MFN rate.

Taxes
On top of normal tariff duties, both foreign and domestic enterprises are required to pay value-added taxes (VAT) and business taxes.

Export Controls
The U.S. imposes export controls to protect national security interests and promote foreign policy objectives. The U.S. Export Administration Regulations (EAR) controls certain exports, reexports, or in-country transfers of purely commercial items and dual-use items. U.S. exporters should consult the EAR for information on how export license requirements may apply to the sale of their goods to China.

Download China's Country Commercial Guide for more Customs and Trade Regulation Information

 

IMPORTANT COUNTRY GOVERNMENT ENTITIES

 

LOCAL U.S. SUPPORT CONTACT

 

Download the complete Country Commercial Guide

 

Source: U.S. Commercial Service


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