Latest News:  

English>>Business

Companies set sights on overseas markets (2)

By  Lin Jing  (China Daily)

08:28, January 06, 2013

"Our overseas business has been clocking annual growth rates of 20 percent to 30 percent, and going forward I expect it to be around 60 percent," Ye added.

He expects companies from Zhongshan to be key global players in the entertainment equipment market over the next five to 10 years.

Deng said that he believes Chinese companies can now make products that are as good or even superior to the ones made by Western counterparts.

He said that manufacturing still remains cheaper in China than in competing markets, due to lower labor and raw material costs.

"The price of products made in Europe can be three to five times more expensive than those made in China," he added.

Liang Guoqiang, general manager of Zhongshan G-Look Amusement Machine Co Ltd, said his company's long-term plan is to integrate more Chinese cultural elements into its products and export these overseas.

However, Liang added, that although Chinese production techniques are catching up fast with those in other markets, they still have a lot to learn from Western companies, especially on business operations.

"After several years of development, many developed countries are now capable of producing gaming equipment with better quality and in larger quantities.

"But the biggest advantage they enjoy over Chinese companies is their understanding of the business, gained largely from their advanced manufacturing techniques," he said.

"Even though several China-made products have achieved similar production levels, they still lag behind in terms of safety.

"We should learn from their techniques and make the necessary changes."

Though he agrees that Chinese companies need to add more cultural elements to their products, he thinks that higher levels of innovation and R&D are needed.

【1】 【2】 【3】 【4】


We recommend:

Mainland, Taiwan airlines sign co-op contract

Great changes in Zhengzhou railway station

Wanda Group ventures onto the global stage

Sports car makers look to mainland market

Top Ten Economic Events in 2012

'Gold road' laid with gold bars

Email|Print|Comments(Editor:马茜、梁军)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Wushu masters' life in PLA Marine Corps

  2. Frontier forces conduct drill in remote mountains

  3. London Zoo holds annual animal census

  4. Lining up for a lifetime of love

  5. Food is the paramount necessity of life

  6. Winter clothes show times have changed

  7. Amazing 'Human flowers'!

  8. Idiot dogs don't know how to pose for photos

Most Popular

Opinions

  1. Where should China's badminton head for?
  2. Why ‘Chinese style road crossing’ occurs
  3. Time to abandon obsession with theme parks
  4. No grand glory, but plenty to cheer about
  5. Optimism over China's economy surfaces
  6. Internet gaming: 'A winning gamble'
  7. People have right to know what chickens eat
  8. Catchwords in memory in 2012
  9. Why the young Chinese get physically weaker
  10. Why Discover China is popular in the West

What’s happening in China

"Food is the paramount necessity of life", so neither trivial nor minor is our daily eating.

  1. Forced confessions banned in investigations
  2. Official investigated for owning houses
  3. China refutes accusations on foreigner's visa
  4. 3 dead, 2 injured in Henan tanker crash
  5. Fatal E China fire confirmed as arson