Many financial analysts believe that there is an excellent reason to work with companies headquartered outside of the United States.
“There’s no better time than now to do business in China,” said Benjamin Wey, president of New York Global Group, a Wall Street advisory firm that has offices in New York and Beijing.
According to Ben Wey, of the 1.46 billion Chinese citizens, at least 150 million are classified as members of the middle class. Only one hundred years ago the numbers of middle class Chinese was somewhere between 20 and 30 million.
“More Chinese consumers are getting wealthier,” Wey said. “It wasn’t like that 10 years ago.”
Analysts in agreement with Wey see overseas markets, investments and imports as having the ability to overcome some of the deficiencies in today’s sluggish domestic economy.
