TenderAlpha’s Chinese Government Contracts Data Feed is the first and only data product that offers more than 2.4 million government contracts with a total value of over $450 billion awarded by the Chinese government in the last 5+ years.
Over a short series of articles, we are trying to explain why it matters to monitor public spending in China.
In the first part, we covered three of the main use cases of the Chinese Government Contracts Data Feed - namely, Gaining intelligence into China’s strategic directions; Monitoring Chinese government spending; and Uncovering investment opportunities.
In Part 2, we will discuss another three of those - Market intelligence; Competitive analysis; and Business & partnership opportunities.
Market Intelligence:
- Spot market trends
- Perform market sizing
- Gauge government impact on the market
Chinese government contracts data can be used when making market entry decisions and planning expansion as it allows you to look at the most established players and analyze their performance, as well as estimate the size of various markets.
Moreover, the data sheds light on the influence of the Chinese government on particular sectors and to what extent state-owned enterprises (quite a few of those are among the top government contractors in China) dominate the market.
Competitive Analysis
- Identify key players
- Monitor technological developments
- Discover market gaps
Knowing the key players in the public procurement market in China enables the conduct of a more comprehensive analysis of their strengths and weaknesses. Afterwards, a business can craft its proposition in a way that can give it market advantage in certain segments.
Furthermore, looking at hundreds of awarded contracts in a particular field for the last five years allows you to trace the technological developments in that field. This could be informative of the capabilities of given companies, which can then be approached for partnership or investment purposes.
Such analysis can also reveal gaps in the market that could be taken into account and addressed by businesses and investors alike.
Business & Partnership Opportunities
- Expand presence in China
- Find supplier and subcontractor opportunities
- Optimize public procurement strategies
Given China’s growing economic influence, many businesses are keen on expanding their presence in the country. Whether bidding directly for a tender or seeking subcontracting opportunities, the unique access to contract awards data from China can be used as a competitive advantage.
The ability to delve into the history of awarded contracts in the last 5+ years can also reveal best practices in the preparation of future bids. Moreover, it enables a more in-depth study of the direction the Chinese government has followed over a certain period of time within one industry or the other.
Interested in learning more about how you can use Chinese government contracts data? Contact us now to book a call and get a free data sample!