The Chinese Economy According to a Language Expert

English to Chinese translation services

“WASHINGTON – China’s economy is likely to surpass the United States in less than two decades while Asia will overtake North America and Europe combined in global power by 2030, a U.S. intelligence report said on Monday.”
(NBCNEWS)

“The reality is that China is unlikely to witness those astronomical growth rates, at least for some time. We may never see them again.”
(Time Business)

The above shows two conflicting forecasts of the future of the Chinese economy. Some economists suggest that the only way the Chinese market will continue to grow is by limiting foreign investment and shifting the Chinese economy from a producer to a more balanced producer/consumer model. Other economists suggest that the Chinese economy will continue to grow owed to increasing technological activity.
Of course, there are always opposing views when it comes to emerging economies. Everyone likes a good debate.

Admittedly, I’m not an economist. I’m not really going to throw my hat into the ring as to which paradigm is the correct one. I do, however, follow trending in the language industry and if these trends are in any way indicative of the way the Chinese economy is going to swing, my bet is on growth.

According to Global by Design, traditional Chinese breaks the top ten for both the most popular language category as well as the fastest growing. This is both for English to Chinese translation services as well as Chinese to other languages. Additionally, according to Google trends, English to Chinese translation variants are both “breakout” and “rising” search terms. Now, this data isn’t definitive but it still points to current growth in China’s economy (at least for now).

I can say that in my experience, I’ve seen a major leap forward in the English to Chinese translation services market. Businesses are partnering, employing, and manufacturing multilingually and owing to the continuous growth (whether short-term or long-term) of the Chinese economy, China is seeing a lot of this action.

For those that are doing business in China, it is absolutely imperative that you partner with a english to chinese translation services company that has experience in the Chinese market.

Some documents you will need to seek out an English to Chinese translation services company are:

• Internal documents
• Technical manuals
• Contracts (this is very important)
• Proprietary software
• Marketing collateral
• Websites
• Emails

Before doing business in China, gather information from us on English to Chinese translation services.

Also, be sure to check out these posts:

Translation Rates – What you need to know

7 Steps Toward Managing Diversity

Translate Tweets to Explode in the Twitterverse (and make more cash online

31 Amazing photos to remind you how beautifully diverse our world is

Comment (I always comment back, promise)