In recent years China has undergone dramatic political and economic changes both politically and economically. The Chinese economy has undergone tremendous growth with its economy now ranking 3rd, surpassed only be the US and Germany - by 2008 China is projected to be the 2nd largest economy.
Over the past 26 years, the GDP has grown annually by approx. 9.4 per cent and the goal is to quadruple the GDP per capita to 3000 USD within 20 years.
The foreign trade today represents more than 1.1 trillion USD and the goal by 2008 is to reach 1.7 to 1.8 trillion USD.
With a population of more than 1.3 billion people, the Chinese market holds great potential for Danish companies - not only in terms of outsourcing and reducing production costs, but also as a consumer market.
Political initiatives in China aiming to speed up industrialization and embrace globalization enhance and further emphasize the great opportunities that exist for Danish companies.
Today more than 300 Danish companies are active in China and many more will follow in the future. Danish-Chinese Business Forum has been established to provide guidance for companies that wish to establish or expand on the Chinese market and to help ensure that the great potential is realized.