Franchise opportunities in China
Attractiveness of China for the development of franchise business
China is recognized as the most populated country in the world. The biggest cities Beijing, Shanghai, Guangzhou, Shenzhen and Tianjin have more than 8.5 mln citizens.
Chinese economy is the second largest in the world in terms of GDP. In China Disposable Personal Income is RMB 33,616.
For the last 15 years franchise business has been brisk as a result of positive changes in regulations for international franchises and evidently growing needs of Chinese.
The most rapidly developing franchise sectors are restaurants, real estate, education, home decoration, laundry, clothing outlets, etc. There are many opportunities for advancement in producing goods and services for middle class consumers, which is continuously growing.
According to China Chainstore & Franchise Association, 100 top franchises made RMB 428 billion in 2015 in sales. Overall, there are 4,500 franchise companies; they provide more than 5 million jobs for Chinese.
The labor force in China is incredibly numerous and industrious, although it should be noted that there is lack of qualified employees in the country.
The other challenge for a franchisor who is looking for opportunities to grant a franchise in China could be the fact that one can start franchising in the country only in case they have experience of owning two company-owned stores for at least a year in other country.
Browse franchise List in ChinaIndicators of Chinese Business Market
-
Capital: Beijing
-
Currency: Renminbi (yuan; ¥)
-
Education Index (2013): 0.610
-
Official languages: Standard Chinese
-
Per capita GDP (PPP): $16,624
-
Quality-of-life index (0-10): 5.99
-
Population: 1.379 billion
-
Total GDP (PPP): $23,122 trillion
-
Ease of Doing Business Ranking, Rank: 78
-
Gini: 46.2
-
Human Development Index (HDI): 0.738
List of franchises for sale in China
500 000 $ Submit request
45 000 $ Submit request
3 140 $ Submit request
Popular franchise directions in China
-
Franchise
Cafe -
Food
Franchise -
Consulting
Franchise -
Franchise
Education -
Entertainment
Franchise -
Сleaning
Franchise -
Travel
Franchise
