An increasing number of Chinese will want to use Western facilities and products as the middle class grows, according to Alan Edmunds in The Motley Fool. China is already a major player in the global auto industry, with more than half its cars sold outside China.
An increasing number of Chinese will want to use Western facilities and products as the middle class grows, according to Alan Edmunds in The Motley Fool. Edmunds predicts Australian firms, Idp Education, which provides both teaching and testing for English skills alongside student placements, and BWX, which sells a range of natural skin care products, will benefit from this trend, along with Retail Food Group, which entered a joint venture Chinese partner to conduct business in the country.