Home > Recruiting > Random Thoughts On Recruiting – US China Business Relations

Random Thoughts On Recruiting – US China Business Relations

January 18, 2011 Leave a comment Go to comments

Relations between the US and China are at the top of the news today.  While a lot of these meetings with the President are symbolic and these discussions and interactions are going on all the time, this is still a good time for those of us in business to take a look at how these things impact us and our industries.

We were hearing of the great opportunities in China 20 years ago.  Much of that speculation was early and I’m sure many who focused too much on that market at that time failed.  I’m sure others prospered by being early.  But today China is growing and it is real growth.  They are seeing nearly 10% growth in their economy and that is a real big number.  What will happen going forward there is up in the air and subject to many factors, but the opportunity for business in China is really attractive. 

We do some business internationally.  Not a lot, but some.  It will be interesting to see if that changes significantly down the line as the world changes.  Yet, the largest market in the world is the US, and still by a pretty good amount.  At the current pace, the market in China will pass the US market in 2025.  That’s 14 years down the line and that is just when they catch our market and only if they stay at the pace they are growing now.  So where are the most goods sold, the most business done?  Still in the US, and that is the biggest market for us in recruiting.  The biggest impact for those of us who are primarily in the recruiting business in the US is that our clients have new markets opening up that have a ton of potential for growth.  As their businesses and industries grow, more key people will be needed both in the US and out. 

Business conditions globally are affecting us now and they will continue to.  Conditions in the US have a much bigger impact and will have the biggest impact going forward for the foreseeable future.  I hope the US and China can have a strong a profitable relationship together.  It may not have us moving our offices to Bejing, the better the overall health of that relationship, the more business there will be for all of us.

Todd Kmiec

Todd Kmiec and Associates

todd@toddkmiec.com

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