Motorcycle Sales in Beijing Grew by 71.8% in 2020, the largest increase in China.

China’s State Council issued a Master Plan in October 2021 calling for the Chengdu-Chongqing Economic Circle to become China’s fourth economic growth cluster. 

China is expected to become the world’s largest maintenance, repair and overhaul (MRO) market with a projected value of $23 billion by the end of 2030. 

The urban rail transit market in China is experiencing significant growth. 

Although China’s general aviation (GA) market is small relative to China’s size, growth prospects are robust.  

China’s National People’s Congress (NPC) finalized a new Data Security Law (DSL) which will come into effect on September 1, 2021.

China’s heightened living standards has led to increasing demand for luxurious consumer goods. China’s pleasure boat industry is “set to sail.” 

With peak carbon and carbon neutrality goals in place, China is poised to invest in CCUS technology.

Chinese authorities remove 12 products from CCC Catalogue and approve 4 new products for self-declaration.

China’s market for hospitals and senior center construction is large and growing, but government limits on procurement pose a challenge for U.S. firms.

U.S. design companies must partner with local design institutes to be qualified to access procurement opportunities for sports facilities. 

U.S. cosmetics and toiletries exports to China reach a new record, indicating ample opportunities for U.S. firms in the Chinese beauty market. 

China eases regulations on over the counter (OTC) medicine as consumer demands for self-medication and preventative care drugs provide market opportunities.

The healthcare market in China and Hong Kong is experiencing significant growth. 

With the Chinese ICV market forecasted to reach $2 trillion by 2040, opportunities abound for U.S. companies looking to increase business in the ICV sector.