Opinion article by LW Advisers at Spanish economic newspaper “Expansion” on the business opportunities that China market offers
Is China still an opportunity market? What are the key aspects to take into consideration…
Lisa Wang, partner of LW Advisers and Vice President of China Club Spain, recently participated in the Coronavirus Special Program on Spanish TV channel “Antena 3” and was interviewed live by the journalist Vicente Vallés about the difficulties of bringing medical supplies from China to Spain.
“Spain competes with the rest of the world (…) You have to be very quick and be able to validate products and manufacturers very well when purchasing medical goods now,” said LW Advisers’ partner during the interview, in which she talked about the new Chinese government regulation that requires manufacturers to be on the list of the National Medical Goods Administration to be able to export their products.
Lisa highlighted the special complexity of purchasing from China now that the worldwide demand is extremely high. She also saw that organizations with previous experience and local teams in China are showing better performance and results due to their capabilities of mobilizing contacts and resources in short time.
At LW Advisers we have been very involved in the healthcare sector for a few months, which due to the pandemic has experienced high demand.