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Your best business development ideas in China

Hi everyone,

As a foreign entrepreneur, launching a business in China is a fantastic project and an exciting challenge. Some ideas are likely to succeed. Some others are promising but may not work as well as intended.

In your opinion, what kind of business or industry is likely to succeed in China? What kind of industry or service currently unavailable or underdeveloped in the country would meet local needs?

On the other hand, what are the most common business types foreign entrepreneurs would be eager to launch in the country but with very little chance of success?

Thank you for your insights.
Priscilla

Chances of success in medium to big cities: anything handmade artisan. Especially by a foreigner. I know I make soaps lotions and potions for gifts and family for Christmas and thinking of selling them. Sent out some feelers, and I could sell my 250 bar stock pile in a heartbeat. I've many preorders on the homemade makeup I make too. A few friends of mine around China sell various artisan items and they have opened their own businesses. They are chiefly bakers. There is a huge demand for Artisan anything at the moment in China.


Chances of failure: restaurants. Don't get me wrong a restaurant can succeed as long as their is a niche for that restaurant.

launching a business in China is a fantastic idea but in which sector and also a place depends and also the way you thrive to as there will be two sides for  every project but only when we finish the stuff and be in the work we will know that only, but as off my experience in china that to in shanghai and zhengzhou its always good if we  do it with different style

I think new technology business is more successful
for example new power solutions like solar systems and LED
and I think military business is the best business and not so much people doing just need to arrange relations
for my company we always like to do new business which not every body doing be special to win special

Twenty years in China. I have my own business license and draw things and ideas. However it has not been easy, as the Chinese are intensely practical and generally speaking prefer NOT to buy anything they cannot sit on, wear or eat. Then there is the damnable "socialistic mind-set" which takes for granted theft of ideas as a "good thing". If one can get beyond all of these cultural foibles and set your mind to follow your interests -not forgetting to practice sustainable personal economy-, you may do well. If not, you will fall like so may others, even big companies, who think they are "special" and can actually compete using old ideas.
Broc
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