Over the last decades, China has become the main engine of world economic growth. Since its free-market reform and opening up to foreign trade and investment in 1979, China has been among the world’s fastest-growing economies.
The country becomes the world’s largest manufacturer, merchandise trader, and holder of foreign exchange reserves. It’s also the most significant merchandise trading partner, the biggest source of imports, and the third-largest export market of the United States.
The rapid growth has made China’s average GDP growth almost 10 percent a year, the biggest growth rate average over the past 30 years. More than 850 million people have been lifted out of poverty. Today, China’s economy is considered to be the second-largest in the world.
From technology to pharmaceuticals, consumer goods to automobiles, China has an influential role in the international business world. With such a critical role in the world economy, China also made Mandarin an essential skill in almost every workforce. Having the ability to communicate in Chinese will put a company a few steps closer to building a good relationship and getting a successful deal with Chinese companies.
A lot of suppliers and manufacturers with competitive prices are coming from China. Big Chinese brands like Xiaomi and Huawei are expanding their business to a global scale. China is currently the world’s biggest e-commerce market, making many business owners looking to break into this international market. This is why there’s a huge demand for employees who can speak both Chinese and English. Since this skill is rare, you will be a very appealing candidate that’s hard to say no to if you can speak both Chinese and English.
So, what are you waiting for? Sign up for our business Mandarin class today!
If you are currently looking for a great place to start learning Mandarin online for your kids or yourself, you can choose MandarinBoss! Here in MandarinBoss, we strive to build a fun learning method and environment to keep you or your kids eager to learn in an online class setting.
We customize the curriculum based on our students’ current knowledge level and establish an effective learning method to help them achieve the learning goal. Whether it’s for business, education, traveling, or recreational purposes, we’re ready to cover your every need.
Written by: Suci Fransiska