HPS is a Houston based firm that provides consulting services to Houston business interested in entering and developing business in Chinese Market. We provide wide range of consulting services and prudent strategies include market development, project feasibility study, manufacture outsourcing, joint venture or strategic alliance cooperation with Chinese business. Our main focus is to promote US business and export their products and service to China.
China is Merging
China has the 2nd largest economy in the world after the US with a GDP over $7 trillion (2007) when measured on a PPP (purchasing power parity) basis. In Nov.2007, it become the 3rd largest in the world after the US and Japan with a nominal GDP of US$3.42 trillion (2007) when measured in exchange rate terms. Since free market reforms in 1978 China’s GDP has grown an average 9.9 percent a year, China’s per capita income has grown at an average annual rate of more than 8% over the last 3 decades. China's foreign trade has grown faster than its GDP for the past 25 years. China has emphasized raising personal income and consumption and introducing new management systems to increase productivity. The government has also focused on foreign trade as a major vehicle for economic growth. China is now one of the leading FDI recipients in the world. With a population of 1.3 billion, Chinese market and economy will continually grow and provide great opportunties to business expansion.
Chinese Petroleum Industry
China has in the past restricted foreign access to its onshore oil and gas resources, but as demand for energy is booming, it has become more receptive to JVs between SOEs and foreign partners. Foreign expertise and know-how is needed in oil & gas recovery in geologically complex areas and for the extraction of heavy oil. Rising energy demand and an increasing reliance on foreign oil have prompted the government to develop its offshore oil recovery capacity. The offshore business is dominated by state-owned CNOOC, which cooperates with foreign firms to develop areas where domestic technology and know-how is lacking. Up to the end of 2006, CNOOC had signed 182 petroleum contracts and agreements with more than 76 petroleum companies from more than 20 countries. Of the 50 offshore oilfields in production in 2006, 27 were jointly developed with partners.
