Overview

As the world's second-largest economy, China is a tempting market for many businesses. In the first quarter of 2022, the Chinese economy grew by 4.8% (compared to the previous year), exceeding the market estimate of 4.4% and beating the previous period's 4.0% growth. China's economy is still rebounding, despite additional COVID-19 infections and geopolitical concerns.

With over 1.4 billion inhabitants, China is the world's most populous country, and it provides a massive market for businesses to tap into. Furthermore, China's economy has expanded rapidly in recent years and is likely to expand further.

Favorable business climate because the Chinese government has sought to improve the country's business environment by reducing bureaucracy, improving infrastructure, and increasing financial access. The Chinese economy is varied, with significant expansion across the board. This presents enterprises with a wide range of options as it positions itself as a leading commercial hub, bolstered by the Belt and Road Initiative, which has a favorable impact on its logistics industry.