In this edition of 5 Minutes for Business, Hendrik Brakel, Senior Director, Economic, Financial and Tax Policy, Canadian Chamber of Commerce, calms any fears that China’s economy might be slowing down.
While China’s economy is changing dramatically, growth will remain over 7% for the foreseeable future. More importantly, a consumer revolution is underway. China’s middle class is growing by almost 30 million people a year and they love to spend online. Canadian companies looking to do business with China should take note that ecommerce is the best way to penetrate the Chinese consumer market.