Tuesday, March 23, 2010

Why Choose China vs. US?

Why did I choose to do business in China vs. the US? In recent studies China has grown dramatically in doing worldwide business in manufacturing and exporting goods and products. China and India together are the number one countries now that have grown in such business. As I walk down the streets in Chongqing, China I can’t help but realize how many entrepreneurs and small businesses I come across here. Every street corner, almost every home development has a store underneath the house where small businesses are conducted. It is a big difference in comparing Americans to the Chinese. Of course in the US, we come across larger businesses such as McDonald’s, and KFC. Rarely anymore do you see Dan’s Auto parts, or Joe’s Cookout & Grill. What has happened? Most of the small businesses now are owned by foreigners. The small restaurants and the shops most are not owned by us anymore. In the city of Winston-Salem, North Carolina where I grew up at has changed dramatically. Growing up in the 90’s was a lot different than what it is now.

Also the cost of living is a lot cheaper than the States. I am currently residing in a high rise for only 200 dollars a month. And utilities are not more than 50 dollars a month including water, air conditioning and electric bills. There are more and more foreigners coming to China that have great ideas and are coming to expand their business with their country into China.

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