Chao is the Managing Director of All In Consulting, a Los Angeles based consulting firm assisting Western companies in their Asia and China business developments. Accumulation of Wealth:
The time when the world was undergoing an economic slump, China was rising. China’s talk of the town
2004 onward growth has helped China accumulate a lot of money. Around $15 trillion is present in its
bank, and every year trillion more wealth is being added to this amount. According to a report published
by Office of the United States Trade Representative, U.S. goods and services trade with China has
surpassed $737.1 billion in 2018. So, just imagine the amount of money flowing between the two
biggest economic hubs of the world, and how much growth potential it holds for the businesses?
Doesn’t it seem like the right time to send money from the U.S. to China to start your business there by
divining into this thriving economic scenario?