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Spirethoughts

Spire's six most recent Spirethoughts.

Drones are delivering medicine in Africa
Nigeria has entered the AFCFTA African free trade agreement, increasin...
IT investments to pour into India’s healthcare sector
The European Union-Vietnam Free Trade Agreement (EVFTA) is set to open...
Deploying Industry 4.0 technology to mitigate climate change
Deploying Industry 4.0 technology to mitigate climate change
Will cost-effective compost rejuvenate African agriculture
Will compost turn out to be the magic mineral for African agriculture?

In China for China

The recent American Chamber of Commerce survey once again attested the trend of “in China for China”, as 58% of respondents’ primary goal was to produce in China for the growing China market. 51% of them also identified China as a top-three priority for investment.

As such, U.S. companies in China are driving U.S. exports to serve this fast-growing market. Almost two-thirds (62%) report that they import parts or finished goods from the U.S. into China and that U.S. exports make-up 32% of their China sales by value.

According to the latest market study by International Data Corporation, specifically adventurous technology marketers looking for new territory should consider Tier 2 cities such as Chengdu and Sichuan, as these cities are exploding in terms of growth.

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