The Chinese market is the second largest in the world with approximately 24 million incorporated companies.
In this market, some sectors are more developed than others, which makes them more interesting for strategic partnerships.
The Wholesale Trade sector is the most developed industry in the Chinese market, and represents 21.28% of the national market (approximately 5,100,000 companies).
The second largest sector is Manufacturing, which represents 18.39% of market, and the third is the Retail Trade sector with 13.25% of market.
The Wholesale Trade sector comprises establishments engaged in wholesaling merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The merchandise described in this sector includes the outputs of agriculture, mining, manufacturing, and certain information industries, such as publishing.
The Manufacturing sector comprises establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products.
The Retail Trade sector is made up of businesses in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise.
If you are looking to collaborate with companies in a competitive market, the Chinese market is very important to explore, particularly in its three largest industries.
Building strong relationships in this market can create many business opportunities and advantages.
The data presented is referred to the sectors in the NAICS 2017 and are updated at September 2018.