Strategy for Entering China's Regional and Provincial Domestic Markets

5 Pages Posted: 30 Aug 2014

See all articles by Pyeong Seob Yang

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

Date Written: July 25, 2014

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

Suggested Citation

Yang, Pyeong Seob and Jung, Jihyun and No, Su Yeon and Jin, Furong and Park, Hyun Jung and Lim, Minkyung and Oh, Jonghyuk and Kim, Hongwon and Pak, Jinhee and Lee, Sanghee, Strategy for Entering China's Regional and Provincial Domestic Markets (July 25, 2014). KIEP Research Paper No. World Economic Update 14-27. Available at SSRN: https://ssrn.com/abstract=2488430 or http://dx.doi.org/10.2139/ssrn.2488430

Pyeong Seob Yang (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jihyun Jung

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Su Yeon No

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Furong Jin

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Hyun Jung Park

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Minkyung Lim

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jonghyuk Oh

Korea Institute for International Economic Policy ( email )

Sejong
Korea, Republic of (South Korea)

Hongwon Kim

Korea Institute for International Economic Policy ( email )

Seoul 137-602

Jinhee Pak

Korea Institute for International Economic Policy ( email )

Seoul 137-602

Sanghee Lee

Korea Institute for International Economic Policy ( email )

Seoul 137-602

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