Just for starters, some numbers:
- Its population is 1.34 billion; that’s 19.5 percent of the world’s population.
- Its labor force is over 812 million people.
- Its gross domestic product is $4.8 trillion and the fastest growing economy in the world.
Yes, we’re talking about China.
This week, as a guest of the Kentucky Chamber of Commerce, I’m traveling with a delegation of Kentucky business people and companies who want to do business with the Chinese. From reading and research, I already know it is an amazing country. We will be touring four cities—including Beijing and Shanghai.
We will begin the week at a panel discussion with experts who either are already doing business in China or who aid U.S. companies who want to learn more about what it’s like doing business in China. Li Hanwen is the managing director of the Kentucky China Trade office and provides a multitude of expertise and solutions for companies conducting business in China. Roland Matyasi is the marketing manager for Alltech East Asia. Alltech has a growing presence in China and Taiwan with their animal health nutrition products. I’m sure the discussion will cover a broad range of issues, including why some American companies are concerned about the changing regulatory climate there.
Throughout the week, I’ll try to give you a brief glimpse of Chinese life in Beijing from traffic and food to the friendly nature of the Chinese people I’ve read so much about. I’ll put all of this in an upcoming edition of One to One, so stay tuned for more Postcards from China.