The Chinese market for e-commerce

The Chinese market for e-commerce

The Chinese market

The Chinese market is one market that a lot of US companies really want to enter. However the Chinese market has become one of the most foreign business hostile areas in the world. This is mainly due to a lot of regulations levied by the government of China. There are a lot of reasons why an e-commerce company would want to enter the Chinese market. The Chinese market is a fast growing market. With one of the fastest growing economies in the world and the largest population in the world, the Chinese market has increased in importance over the years. However due to restrictions foreign goods have had a hard time entering the Chinese market. There has been a lot of market research that has proved that Chinese consumers are eager for foreign goods. Their desire for foreign goods has increased over the years due to popular media.

Explaining the Chinese market

The Chinese market is unlike any other market in the world due to the fact that the Chinese government is a communist government. However the communist government has accepted the free market. A lot of analysts have said that the China is going to be a republic before 2050. The Chinese e-commerce marketplace has been on the rise for the past couple of years. In 2017 alone there was an increase of more than 36% in e-commerce sales in China. E-commerce received around $1.2 trillion dollars in sales. This has made the Chinese market a very lucrative one. The Chinese market depends a lot on locally manufactured goods.

Chinese in e-commerce

There is no doubt that as far as exports are concerned China is the leader in B2B e-commerce business model. Due to the large manufacturing sector the Chinese have specifically placed themselves as the leaders in B2B e-commerce.