China is still clamoring for U.S. products
Claiming a foothold overseas for local shops aim of summit
BY TYREL LINKHORN
BLADE STAFF WRITER
There are two Chinas.
One China is modern, with gleaming, world-class cities full of young, well-educated people. The other China is developing, with smaller cities, factories, and an older population.
Experts say that presents a unique opportunity for American business -- China is one of the few countries in the world to offer both a low-cost opportunity and a huge market of wealthy consumers.
"Because of these two Chinas, there are a lot of opportunities for U.S. companies no matter what industry you're in," said John Tang, head of Akron-based Brennan, Manna & Diamond's Shanghai group.
Mr. Tang, an attorney who was born in Shanghai and raised in Ann Arbor, was one of four experts who spoke Thursday at the China Business Summit put on at the Toledo Club by Toledo marketing firm Communica and its partner company, Cleveland marketing firm Becker CMCA.
The number of potential consumers in China, a country of 1.3 billion people, is almost mind-boggling.
"A lot of people think about, 'Oh, you have 700 million poor people,'?" said Wei Shen, managing director of BridgeConnect LLC in Bloomfield Hills, Mich. "Yes, I think China still has that. But the middle class is already exceeding 400 million, bigger than our entire population in the U.S."
Lang Lang's Piano Performance at the Queen's Diamond Jubilee Concert
If you had to prepare a concert, fit for a Queen, what would you perform?
Well, Lang Lang had that rare honour, and on this occasion in June 2012, it was Liszt's Hungarian Rhapsody #6 and Gershwin's Rhapsody in Blue [excerpt]. The recital was for Queen Elizabeth II, who had her Diamond Jubilee, the 60th Anniversary since she was crowned Queen of the United Kingdom.
CHINA HAS OVERTAKEN JAPAN AS WORLD'S NO 2 ECONOMY
Q&A with Ambassador Jon Huntsman (Part I)
The Fourth Annual China Town Hall program, held on October 18, 2010, featured a live webcast with Jon. M. Huntsman, Jr., U.S. Ambassador to China in conversation with Stephen A. Orlins, president of the National Committee
Orlins: Let me turn to some of our venues, and ask you some of questions they presented us. This one is from Jenny Lee in Boston, Massachusetts. 'What do you think is an ideal end to the currency war between the United States and China? Can our two countries achieve a win-win solution?'