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2012, May 23

Most Chinese SMEs Trade Only Within Asia Pacific

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Most Chinese SMEs Trade Only Within Asia Pacific

by CFO Innovation Asia Staff, 22 September 2010
topics:
Management
tags:
SMB trade outlook
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A new report finds that 78% of Chinese SMEs conduct their business in Asia Pacific, compared to 6% in the U.S. and 10% in Europe, reports the China Daily News, citing the UPS Asia Business Monitor report.

 

The newspaper reports that more than 70% of survey respondents lists Asia-Pacific as the top prospect for trade growth and business expansion over the next three years.

 

"This year's survey reflects a strong belief in the continued global economic recovery, especially in Asia," said Richard Loi, president of UPS China. He said the growth potential of the region can be reflected by an export volume growth of more than 40% in China in the first two quarters of 2010.

 

The survey also revealed that nearly half of Chinese SMEs say they would increase their workforce by up to or more than 10% in 2010, compared with 35% in 2009.

 

 

MORE ARTICLES ON SMBs, TRADE OUTLOOK

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Chinese SMEs prefer to trade in Asia-Pacific
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CFO Innovation Asia Staff
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