Strategy for Entering China's Regional and Provincial Domestic Markets

Pyeong Seob Yang (), Jihyun Jung (), Su Yeon No (), Furong Jin (), Hyun Jung Park (), Minkyung Lim (), Jonghyuk Oh (), Hongwon Kim (), Jinhee Pak () and Sanghee Lee ()
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Pyeong Seob Yang: Korea Institute for International Economic Policy
Jihyun Jung: Korea Institute for International Economic Policy
Su Yeon No: Korea Institute for International Economic Policy
Furong Jin: Korea Institute for International Economic Policy
Hyun Jung Park: Korea Institute for International Economic Policy
Minkyung Lim: Korea Institute for International Economic Policy
Jonghyuk Oh: Korea Institute for International Economic Policy
Hongwon Kim: Korea Institute for International Economic Policy
Jinhee Pak: Korea Institute for International Economic Policy
Sanghee Lee: Korea Institute for International Economic Policy

No 14-27, World Economy Brief from Korea Institute for International Economic Policy

Abstract: This paper aims to present comprehensive strategies for promoting export and investment and advances in Chinese consumer markets and production bases in response to the new Chinese policy boosting domestic demand and changes in provincial economic climate. By analyzing the characteristics of China's consumer markets and industries, the characteristics of Korea's export market for China's domestic consumption, and the trend of Korea's investment in China by region, this paper suggests methods for advancement in regional Chinese domestic markets and considers the competitive composition of the Chinese import market as a strategy for FTA negotiation further market access. Also, it recommends Chinese efforts to reduce non-tariff barriers and legal discordance between central and local governments and between local ones. In addition, it urges the Korean government to build support systems for small and medium enterprises (SMEs), renew the current export support programs, and provide specialized information on local markets.

Keywords: Domestic Markets; Consumption; Consumer Markets; China (search for similar items in EconPapers)
Pages: 5 pages
Date: 2014-07-25
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