BlackSand Blog from the Foreign commercial Service China Business Conference

BlackSand Research supports the U.S. Foreign Commercial services China Business Conference.



"With China's accession to the WTO in 2001, this fastest growing economy in the world offers abundant opportunities to corporations and businesses of all sizes in the West. China is predicted to become the world's second largest economic power by the year 2030. Education is the crucial first step on your journey toward success in developing business relationships with China."

The thing on everybody's mind centered around how best to produce in China under the circumstances... They asked members of the Executive panel, the session that finished the conference, questions about political and social environments, how to protect intellectual property, and where to go to find contract manufacturers. Members of the panel that included Bill Reinsch from the National Foreign Trade Council discussed risk but stressed reward. Bill quipped that if companies weren't willing to take on a little risk, they wouldn't be at the conference in the first place.

And Bill iwas right, and so was the rest of the panel in discussing first and foremost the risk a company must assume when playing in a market like China where laws and just as importantly local custom plays a role in success. Companies interested in growing into such markets need a guide, not just market reports, but real people on the ground who know the character, the customs, and of course the laws that will come into play there.

Once a company is ready to move into a foreign market, the U.S. Commercial Service can provide people on the ground, market reports, and will even set up meetings with potential clients and/or partners. They know how markets behave, who is there, and how to connect you to resources in that market.

BlackSand Research was proud to be a supporting organization of the U.S. Commercial Services China Business Conference. We look forward to working with our clients and the Commercial Service to maximize returns on export strategies for years to come.