A Foreign Firm’s Guide to Collaborating with Retail Distributors in China
In China, the retail distribution market is characterized by a fast-moving ecosystem, composed of a complex network that ties together different market players such as manufacturers, Chinese wholesale suppliers, trading companies, distributors, agents, and retailers. This network presents a landscape filled with untapped opportunities that many foreign companies are eager to discover and leverage for […]
Exporting to China: Navigating complex regulations and market dynamics to the world’s second-largest economy
China stands as the globe’s second-largest economy in terms of gross domestic product (GDP), a status it has maintained since 2010. China’s economy outweighs Japan, Germany, the UK, and India combined. Guangdong, its largest province, has a GDP larger than Canada’s, while the Yangtze River Delta, centered around Shanghai, matches Germany’s GDP. With its GDP […]
The seafood market in China amid Japan’s import ban and Fukushima water release
China is the world’s first consumer of fish and seafood. In 2023, its revenue is valued to be around USD 88 billion, and it is expected to grow at a CAGR of 8% between 2023 and 2028. However, on August 24, Japan discharged potentially radioactive water in the Pacific Ocean and consequently the Chinese government […]
How new food trends like children’s snacks and cheese milktea are driving the cheese market in China
According to a scientific study from 1984, over 90% of the Chinese adult population is lactose intolerant. In this context, one would think there is no space for the Chinese cheese market. However, driven by policies and consumer preferences, the demand for cheese in China continued to grow, reaching an aggregate demand of about 301,400 tonnes […]
Required cosmetics animal testing in China is loosening: “Ordinary” products no longer required to do animal testing
At some point, all major cosmetics brands were faced with the difficult decision: enter the Chinese market or stick to their principles. This is due to China’s requirement of cosmetics to undergo animal testing. However, on May 1st 2021, China has loosened its requirement for animal testing. In short, pre-market animal testing is no longer […]
Premium wine in China: Cabernet sauvignon is the most popular grape variety in China
Although traditionally, Chinese alcohol consumers have always favored Baijiu, a strong liquor distilled from fermented sorghum, with increased globalization in the past decades, consumers have begun to adopt a variety of imported liquors such as wine. While Chinese wine consumption is still low, only 1.5 liters a person in 2019, over the years, wine has […]
12 China business events in 2021 to watch out for
These are the China business events in 2021 to watch out for, in a wide range of industries from seafood to beauty to tech. These 12 events and exhibitions are in greater China, you can find the website links in each description. Canton Fair 2021, China Import and Export Fair Source: Business Insider, Canton Fair […]
The olive oil market in China driven by health-oriented consumers
While extra virgin olive oil (EVOO) may be a staple in many countries’ cuisine, especially in southern Europe, it only has a very marginal use in China. Usually associated with foreign brands and healthy cooking, EVOO is rarely used in Chinese kitchens where soybean and rapeseed oils are more prevalent. Healthier cooking habits drive Chinese […]
The pesticide market in China under environmental regulations and industrial restructuring amid COVID-19
According to a report by the firm Reports and Data, the global pesticide market is predicted to reach 96.96 billion US dollars by 2027, driven by the rapid growth in population and food shortage. A 2019 study by Chinese Academy of Social Sciences forecasts that the population will peak at 1.44 billion in 2029. Mordor […]
The growing popularity of Russian products in China: Ice cream, beer, agriculture and more
Russia and China have a long history of trade relations. After Western sanctions against Russia in 2014, Russia introduced a new approach to the foreign policy – “Pivot to Asia”. As a result, China has become Russia’s largest export country for agricultural products. In 2019 the Chinese market for Russian products hit a record of […]
The enzyme market in China partly driven by the boom of F&B and pharmaceuticals
In recent years, the scale of global enzyme market has been gradually increasing. The value of the enzyme market in China reached 35 billion RMB in 2020, increased from 24 billion RMB in 2014. China’s enzyme market is growing with the global trend and gaining competitiveness in the international market. After 50 years’ development, China […]
The economy of Chongqing: What foreign companies should know about the City Built on Hills | Daxue Consulting
Straddling the upper reaches of the Yangtze River, Chongqing is one of China’s largest and most important cities. In 2020, Chongqing’s economy ranked as the 6th largest in China. With a GDP worth nearly $700 million measured by purchasing power parity, Chongqing has the largest economy of any inland city in China, even more so […]