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Growing Business

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Growing Business in China


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Exchange Rate - Floating Currency - Fixed Currency GDP - China vs. US GDP - Impact of GDP Import/Export - US/China Trade


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Tariffs & Trade - China & the WTO - U.S. Relations Next Steps - Accepted Industries - Laws & Procedure Strategy - Increase Success


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Floating Currency Rate Widely Accepted Currencies Fixed Currency Rate Exchange Rate Determined By Markets


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6.23 Current Rate Exchange Rate


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6.23 Exchange Rate


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Gross Domestic Product 1984 1996 2008 2016 10K 20K 2028 30K 2017 US China $15,781 $15,833


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Gross Domestic Product 2013 Q1 120 123 126 2013 Q2 2013 Q3 2013 Q4 129 2014 Q1 US Exports US Imports


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2004 2005 2006 2007 50K 100K 200K 300K 2008 400K Import & Export


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2009 2010 2011 2012 50K 100K 200K 300K 2013 400K The Last 5 Years


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In 2002, China began to reduce tariffs… Trades & Tariffs By 2005, most products received final tariff cuts


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Trades & Tariffs “China’s entry to the WTO … had lowered tariffs on the goods of greatest importance to US industry”


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Animal Products Trades & Tariffs Fruit & Veggies Sugars Cotton Fish & Products Petroleum Textiles Electrical Mach. 14.8 9.4% 15 4.8% 27.4 0% 22 0% 11 6.6% 3.3 50% 9.7 .2% 8.8 26.6%


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Representative Office Foreign Investment Administration of Industry The Next Steps and Commerce (AIC)


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Visas Legal Representation The Next Steps


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Only a Chinese Lawyer may represent business in legal matters The Next Steps


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Strategies Authorized Foreign Industries Business Plan Local Contacts


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Strategy Currency Exchange Rate Base of Operations Tariffs & Taxes


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Summary Exchange Rate


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Summary Exchange Rate Gross Domestic Product


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Summary Exchange Rate Gross Domestic Product Import & Export


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Summary Exchange Rate Gross Domestic Product Import & Export Trades & Tariffs


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Summary Exchange Rate Gross Domestic Product Import & Export Trades & Tariffs The Next Steps


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Summary Exchange Rate Gross Domestic Product Import & Export Trades & Tariffs The Next Steps Strategy


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