Competitive intelligence is considered as the most important step on developing business since it is means that you, as the business owner should know about all your competitor, customer and everything related to your products. In the world, China is recorded as one of the biggest market in the world. Based on that fact, knowing about China competitive intelligence is an essential need that you have to fulfilled.

Conducting research on China competitive intelligence is considered as legal activity and it is not categorized as business spying, which is unethical in business. This research should be done systematically and sustainable on gathering business information thoroughly from it’s customer, competitor, human resources and even the environment of the business.

China, the key of future global market

Born as the largest populated country in the world, with more than 1.3 billion peoples, China is predicted will be as the one of the super powered country in the future, not only in the military but also in the economic aspects. During 2013, China have more than USD9 trillion on their gross domestic product (GDP). Hence, here is the list of China competitive intelligence you should know about:

1. Find the uncertainties business factor in China. There are 8 factors that affecting business in China like the economic condition, customers and technology factors as the top three main factors. Others are the business regulator, competitors, socio-cultural and suppliers factors.
2. Studying competitive intelligence means need a lot of money. In order to provide complete yet valid information of competitive intelligence, you have to build the reliable team and pay them decently. There are many budget allocation for your team, while most allocated budget are for their salary, traveling and equipment. Others budget allocation are clerical support, external database use and seminars.
3. Compare China and other country on their competitive intelligence. In general, China is focused on technology orientation while United States (US) as in comparison, focused on between the technology and other aspect.
4. Most competitive strategy needed in China. Recently, there are two major industry which are emerge in China: health care industry and renewable industry and wind power. Health care is related with the Chinese dense population which all of them need the good health service. While the renewable industry and wind power is emerging since the environment issue rises in China due to high level of air pollution. Therefor, China have the urgency to have clean energy sources.