Most Profitable Business Opportunities in China for Foreigners

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Most Profitable Business Opportunities in China for Foreigners

I prepared a short list of potentially profitable business opportunities in China for foreigners in the coming years.

You can take it as a reference in choosing your own niche markets.

Business Opportunities in China (Nanjing Road, Shanghai, 2017, Image by Chao)

(Nanjing Road, Shanghai, 2017, Image by Chao)

Profitable Business Opportunities in China

1. Online Shops, Trading Platforms 

China’s e-commerce has recently surpassed the US’s in size of annual revenue. It’s no surprise that more and more foreign companies are targeting this highly lucrative and rapidly growing market.

Choose a right niche market, you can open a web store or a platform to make some good money in China.

You can get the most advanced technology and convenient support that favors online businesses.

Your Opportunities

Key to Success

The Chinese Internet landscape is different from that in the West.

You will need

Sell Online To China

2. Online Business / Services

Many Chinese starting to offer online services since Chinese consumers/companies are more willing to pay for service than before.

It is especially easy for foreign small startups and freelancers to offer some special and unique values in the China market, and it would be easy if you are creative.

Your Opportunities

  • You can sell academic copywriting services.
  • You can provide consulting services in various areas: business investigation, overseas study, legal etc.
  • You can sell various design services if you are capable enough.
  • You can provide professional legal services.
  • You can start a headhunting service in China.

It is a light asset business model.

The key is to Find Your Profitable Niche in China, and make full use of your skills, knowledge and resources.

You can start right now without spending a lot of time and money in obtaining licenses or certifications.

Key to Success

Build A Right Chinese Website

3. Education

The education market is a golden mine in China, and a prime area is left for foreign business.

All Chinese parents are willing to spend a lot on education for their children.

Private schools are expanding, and Chinese are also more willing to pay for their own self-improvements.

  • English
  • Art
  • Music
  • Science
  • Foreign Tests
  • Technology

etc

Teaching English in China

Foreign English teachers are given work in various institutions in China:

  • Kindergartens
  • Boarding Schools
  • Summer Camps
  • Universities
  • Private schools

Foreign English teachers earn more than average local English teachers.

An English tutoring service in China requires small capital to start and run, and it might be a good choice for you.

Online Education

Online courses are accessible to more people.

Online education is more scalable and it is booming now in China.

It will be a great opportunity in the next 20 years.

Your Opportunities

  • Offer after-school private tutoring services.
  • Starting your own evening English Classes for business people.
  • Teaching English online in China targeting on millions of Chinese students, kids, and businessmen aiming to improve their English.
  • Inspired by the best way to learn Chinese, 1on1 Chinese coaching is another business opportunity.

Key to Success

4. Tourism

Nowadays Chinese tourists are traveling everywhere.

Most middle class Chinese choose overseas destinations instead of overcrowded, traditional domestic destinations, especially in public holidays.

Chinese international travel will become a major source of growth for travel providers in destination countries.

Hotel, restaurants, air flights, car rentals, travel shops, tour guides and many other travel relevant market niches will benefit from this.

Your Opportunities

The travel and tourism sector in China is still relatively undeveloped, it offers some of the best opportunities in the consumer industry. Companies entering now will be able to set standards and guide consumers in their shopping behavior.

  • Overseas medical tourism
  • Overseas summer camp
  • Business tours
  • Theme tours
  • Invest in hotels in China
  • Promote your hotels to China travelers
  • Online booking services

Key to Success

5. Import and Export

You can either source from China and sell in the other part of the world, or sell products to Chinese big buyers.

  • Chao represents some biggest tree nuts buyers in China, most of them from LinAn, buying hundreds of containers every year for macadamias, pecans, walnuts, almonds.
  • It is not that difficult to find a factory in China to OEM your products and you can start building your own brands. Chao had successfully help foreign business owners to find Kitchenware, Wigs, Baby Shoes, Home Appliances.
  • Chinese meat processing factories bought a huge volume of beef/pork from overseas.

Effective Guide to Your Successful China Sourcing

Key to Success

6. Healthcare

Chinese consumers are more health-conscious than in the past.

China Healthcare Market is still in an early stage, and Chinese people are expecting more diversified products and services.

The mainstream public healthcare system in China can not satisfy the needs of Chinese patients.

Many good nutritional supplements are not produced in China.

Some niche markets

  • Foreign hospitals, clinics
  • high-end Medical second opinion
  • Aging market needs a lot of awesome products
  • Medical equipment
  • Nutritional supplements
  • Anti-pollution products
  • Overseas medical tourism

China HealthCare Consulting

Key to Success

Healthcare is a minefield of regulation, corruption and/or other assorted difficulties.

 

7. Pharmaceutical

Everybody knows It is a very profitable business.

However, you should be ready to go through all the obstacles before acquiring a license.

You can access to a more broader market when you become a real local player.

 

8. Cosmetics, Skincare

Everybody wants to stay young and be beautiful.

Chinese consumers, especially women, spent tons of money on cosmetics and skincare products.

Take advantage of it.

9. Entertainment

China is the second-largest movie box office market in the world.

 

10. Food / Wine

Everyone loves and needs food, and Chinese consumers are looking for better and safer food.

It is amazing!

All kinds of foreign food /wines in the China market sell well if they are allowed to be sold.

All our clients are fighting through the local requirements to get their food product into China.

 

Wine is especially popular in the large cities of China (Beijing, Shanghai and Guangzhou) and has great potential given the increasing disposable income of local people.

Key to Success

 

11. Agriculture

China is facing continual food-safety crises and it will be a long-lasting challenge for Chinese.

New technology is encouraged in this field, especially on value added products.

China has relaxed its land-ownership rights for farmers.

We can expect quite some changes in the next decade.

Farmers will be able to trade their lands, which will give way to larger farms and provides a boost in rural communities’ economies.

Your Opportunities

horticulture

  • green houses
  • professional lighting equipment
  • productivity enhancing services including education and technology.

12. Logistics

Good supply chain management is urgently needed for many sectors in China.

You can find various niche markets in this area and it is very close to money return considering the booming e-tailing in China.

 

13. Wealth Management

High-net-worth individuals in China still has limited access to investment skills.

They are eager to broaden their investment portfolios.

Banking and wealth management have now become one of the biggest areas of foreign direct investment in China.

Your Opportunities

  • Financial services on banking, insurance, funds management, securities, securitisation and futures.
  • Overseas property sales

 

Key to Success

 

14. IT Services/Software

Most Chinese companies, either big or small,  want better software and IT services.

They will resort to external resources to solve their technology challenges.

For some specialized niche markets, you can make a fortune from Chinese buyers who needs professional services.

The biggest challenge in China is localization and pricing.

Many Chinese consumers and businesses are not willing to pay high prices for software while Chinese local developers sell software at rock bottom prices.

However, highly specialized industrial/commercial software is recalling selling well in China even with the same global pricing.

Top 20 Must Have Apps in China for Travellers and Expats

Key to Success

15. Clean Technology / Ecological

China has its pollution problems as we all know.

The air pollution and Deterioration of drinking water quality continue to be major problems in China.

China government is investing in the development of new green technologies to battle against pollution.

The green technology is a strategic industry in China and offers subsidies and incentives to foreign companies with the right solution.

Your Opportunities

  • Clean energy,
  • Anti-pollution products,
  • Afforestation projects,
  • Garden landscape engineering,
  • Waste water management
  • Water filtration systems.

Key to Success

It is challenging to get through some policy and connection problems before you can break into the China market.

 

16. Electronic Products and Accessories

Electronic products and accessories are generally cheap in China.

A mature profitable business model is to source electronic products and accessories like memory cards, batteries, USB cords and sell to the rest of the world.

How to Choose A Right, Profitable Niche Market in China For You?

Follow my 7-Step Formula in Ultimate Guide to Finding Your Profitable Niche Market in China to uncover your profitable business opportunities in China.

If you have some idea, you would need a right China Market Entry Strategy.

Chao Cheng

China Market Expert Expert, Senior Partner at SinoStep
Author of Sell Online To China (Your Opportunity in China’s Booming Cross-border eCommerce Market) andHow to Build A Right Chinese Website That Works In China.

Cheng Chao has extensive expertise in China market entry, global translation & localization, cross-border business development, and global digital marketing.

Chao founded ChineseTrans, where he led a team of senior linguists to establish ChineseTrans as the market leader in professional Chinese translation services.

Since 2011, Chao has served as the managing director of SinoStep, a consulting agency helping foreign investment enter into the China market. Backed up with a strong team of China business consultants experienced in different sectors, Chao has successfully introduced dozens of overseas brands into the China market, established their operations in China on early stage and adapted their businesses to the China market.

see Chao's Bio

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About Chao Cheng

Author of Sell Online To China (Your Opportunity in China’s Booming Cross-border eCommerce Market) and How to Build A Right Chinese Website That Works In China. Cheng Chao has extensive expertise in China market entry, global translation & localization, cross-border business development, and global digital marketing. Chao founded ChineseTrans, where he led a team of senior linguists to establish ChineseTrans as the market leader in professional Chinese translation services. Since 2011, Chao has served as the managing director of SinoStep, a consulting agency helping foreign investment enter into the China market. Backed up with a strong team of China business consultants experienced in different sectors, Chao has successfully introduced dozens of overseas brands into the China market, established their operations in China on early stage and adapted their businesses to the China market. see Chao's Bio

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