Virtual Office

China Virtual Office & Office Space

Why would i need a virtual office in China?

The word China literally means middle kingdom, a country in East Asia which is one of the oldest civilizations in the world. This country is a unification of many multiple states and is home to a population of 1.3 billion people and a GDP of 8 trillion (2005 estimate). Being a rapidly developing society, China is undergoing rapid growth especially in the urban areas. The 5 largest cities in China are Shanghai, Beijing, Tianjin, Wuhan and Shenyang, while the major industries in this country include electronics, textiles, food processing and consumer products.

As the largest city in China, Shanghai is located on the east coast of China, within the river banks of the Yangtze River Delta. This city plays an important role as an economic, financial, commercial and communications center of China. In fact, facilitating its growth is the status of Shanghai as a provincial status level as well as being the busiest sea port in the world. The district of Pudong in Shanghai has been developed since the 1980s and has now become the financial and commercial center for this city. This area is bounded by the HuangPu River in the west and the East China Sea in the east. Within Pudong lie the financial district of Lujiazui, the Zhangjiang technology park and the Waigaoqiao as the largest free trade zone in China.

Amongst the prominent buildings in this area include the famous Oriental Pearl TV Tower which is the tallest building in the city. This tower is mainly utilized as an observatory but also includes a hotel within its spheres. The second tallest building in China is the Jin Mao Tower which is utilized as a commercial building with 47 floors of office space rented out to over 80 tenants such as the Shanghai Diamond Exchange, the American Chamber of Commerce, ABN Amro and also law offices such as Barlow Lyde & Gilbert and Manulife-Sinochem Life Insurance. Apart from that, the Shanghai Grand Hyatt hotel occupies the 38 higher floors of this 1380 feet skyscraper.

Although the Lujiazui has been developed, another area across the river from Lujiazui is the Hong Qiao area which also consists of its own list of commercial skyscrapers including the Shanghai International Trade Center and the Shartex Plaza. These two buildings have been experiencing high occupancy rates and are offices to companies such as Air Products China, AT&T and General Electric. As such, it would be ideal to set up a virtual office at this central location renowned as a business and finance place.

The second largest city in China is Beijing with a population of 7.5 million, and which functions as the capital city of the country. As a political, education and cultural center of China, Beijing’s strategic location has also facilitated commercial activity. The central business district of Beijing lies in the Chao Yang area, bordered by the Dongdaqiao Road on the west, Xidawang Road on the east, Tonghui River at the south and Chaoyang Road at the north. Prominent buildings in this area include the China World Trade Center I and II and the Jing Guang Center. These skyscrapers serve as offices to international corporations such as Hewlett-Packard, McDonnell Douglas as well as Mobil Asia Pacific. With this, operating a virtual office or an office space out of Beijing would provide a company the recognition it deserves as being in the capital city of China.

Tianjin is another suitable location for an office space or a virtual office as it is the third largest city in China with a city population of 5 million. As one of the four municipalities in China, Tianjin is located along the Hai He River with the manufacturing industry being the major contributor towards the economy of this city. Apart from that, other prominent industries in this city include farming, fishing and also the petrochemical industry. This is due to the fact that the Dagang District within Tianjin is rich in petroleum and natural gas resources. Furthermore, other natural resources of Tianjin include manganese, salt, geothermal energy and also boron.

The area of Binhai within Tianjin has been identified for development as a Financial Center and is poised to lead economic development within northern China. Thus, approximately 10000 multinational companies have set up offices in this area and comprise of companies from the banking, security, insurance, consulting and trading industries, such as the Chohung Bank and the Binhai Developmental Bank. Apart from that, there is also an in-pouring of investments from Fortune 500 companies, such as Toyota, Kraft Foods and Motorola into local companies. Thus, setting up a virtual office in Binhai, Tianjin would prove to be beneficial for companies within the financial, manufacturing and petrochemical industries.

The city of Wuhan is one of the cities with the highest population numbers within Central China with a metropolitan population of 8 million. Major contributors to this city’s GDP would include the tourism, automobile manufacturing and hi-tech industries. In fact, Wuhan is the largest base for automobile production in China with companies such as the Wuhan Citroen-Dongfeng production plants located here. Apart from that, Wuhan also functions as a center of scientific research with the existence of 35 higher learning institutions located in this city, such as Wuhan University and Huazhong University of Science and Technology. With such economic development set out for Wuhan, setting up a virtual office or an office space in this city would be truly ideal for companies within the research, tourism and automotive industries.

Finally, the city of Shenyang is located in northern China and has a population of 7.2 million. As a center of commerce, many corporations have set up offices within the Shenyang Economic and Technological Development Zone, an area designated to attract foreign investment. These would include corporate organizations such as Coca-cola, Matsushita and Bridgestone Tires, which have set up offices in this zone. Furthermore, Shenyang is also a center for education with a string of higher learning institutions located in the city, such as the Shenyang University of Technology and the China Medical University. Thus, Shenyang would be a great venue for a virtual office of companies in the research, manufacturing and technology industries.