Friday, October 5, 2012

Get Closer to China

China is the dominant player in the global economy with its economy being the second largest in the world after United States. Its economy is growing and so the purchasing power of its consumers.  Entrepreneurs and large enterprises from all around the world wants to be in China to untap the potential of rising Chinese Consumers.

To enter in such a complex country with the world's largest population, you need to know some of the basics. The purpose of this blog is to provide you with some information regarding Chinese consumer trends - if you plan to do business in that country.

The best and the easiest way to start doing business in China is Online. Chinese currently account for 24% of the global internet users. Alibaba.com and TradeKey.com are currently the most popular trade websites in China while majority of Chinese use AliPay, the brain child of Alibaba.com to make payments via internet.

Just like Visa is the most popular debit card in America, UnionPay is in China. Pakistan's Faysal Bannk is currently the only bank in the country that issues UnionPay debit cards. So if you frequently travel to China then you should have UnionPay debit card that is acceptable across ATMs in Pakistan.


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