The question should be, how do we fit in with China?
Don’t be fooled when you read that their economy is cooling off. China will be the world’s strongest growing economy for many years to come. They are currently achieving over 6% growth, whilst the UK is below 2%.
The great news for the UK is that they are rapidly growing consumer market love anything British. From heritage brands like Burberry to young trendy newer fashion brands, bikes, cosmetics, jewellery. One entrepreneur is even successfully selling bottled Welsh air at £80 per bottle. So, there will be great opportunities for clothing and fabric design, plus other creative input into digital trading, product design and technology skills, continuing to come along, growing proportionally according to this growing demand, but also alongside the growth in talent in the UK who will to provide the right product and quality.
Most of the Chinese market trades online. So, putting some scale to this, the Chinese population is 1.3 billion people. Only 52% of the population uses the internet. 90% of these use mobile devices, so there is loads of room for growth and there will continue to have an insatiable appetite for our goods.
The eCommerce market in China is dominated by Alibaba, who virtually own the digital over there. The business only started in 1999 and they have a value of almost $300 billion. Alibaba has become the most dominant retailer in the world, generating more revenues than Amazon.com and eBay combined.
You don’t have to move to China or speak Mandarin to benefit your career from the above information. But it might be a good idea to consider how much business prospective employers are intending to do into the region. Whether in manufacturing, direct trade, or selling into the market from the UK. These are the employers who will need your talent to cope with the level of demand good quality, well-designed and well-marketed product will create.
Success Appointments works on many international roles, often In Asia. Please check out website for great international role opportunities.
If you would like to have an informal discussion, please contact our consultant Sarah Sykes here about the roles we are currently working with.
