4 Reasons Chinese Language Translation is in Demand
Chinese language translation is one of the most required language services worldwide. The demand has been increasing for years, and all recent studies suggest that Chinese language translation services will grow for at least another decade. Thus, many businesses ask themselves the same question: Should I hire a translator for Chinese?
To answer this question, you first need to understand what has caused the surge in Chinese language translation demand globally. Below are four key reasons for this increase in demand, which this article covers in more detail.
The Constantly Growing Chinese Economy
The Chinese economy is booming! Here is a statement from the World Bank on the economic status of China: “Since China began to open up and reform its economy in 1978, GDP growth has averaged almost 10% per year. In addition, more than 850 million people have been lifted out of poverty. Today, China is an upper-middle-income country and the world’s second-largest economy.”
Unfortunately, the 2020 COVID-19 pandemic collapsed economies worldwide. GDP growth rates plummeted to double-digit negative numbers for several major economies. The UK is one example, with a record low of -21.5% in June 2020. On the other hand, China hit a low of only -6.8%, and by June 2020, it recovered to a positive GDP growth rate of 3.2%. Therefore, not only is the Chinese economy performing well – it is solid and able to bounce back amid disasters.
With this in mind, Chinese language translation is a common choice for many UK and international businesses. The potential for consumer growth among companies in China is enormous, even amid global challenges like the pandemic. If you’re thinking of expanding your business, hiring a translator for Chinese can help you enter this strong and stable economy.
New Business Investments and Trade Partnerships
The Chinese government initiated a programme called ‘The Going Out’ or ‘The Going Global’ Strategy in 1999, aiming to expand investments beyond its borders. Of course, this created a necessity to communicate across languages. Any investments made by Chinese business owners must go through a professional translator for Chinese, communicating the terms of the agreements across multiple languages.
Another global cooperation effort between China and several countries was launched in 2013, called the Belt and Road Initiative (BRI). This effort aimed to increase the transportation connectivity between China and the rest of Asia, the Middle East, Europe, and Africa. Again, Chinese language translation was central to the initiative, helping to form international trade agreements that all parties were happy to enter.
Along with overseas investments and the expansion of large Chinese enterprises, China’s language services providers (LSPs) have also taken the initiative to go abroad and service the international market. These firms are now hiring Chinese translators from across the globe fluent in various languages so they can handle even niche language pairs.
Migration of Chinese Language Speakers Worldwide
With around 1.3 billion speakers globally, Chinese is the most commonly spoken native language in the world. Through travel, international education, and migration, native Chinese speakers are fanning to all corners of our planet. This means businesses from around the globe are requiring Chinese language translation to communicate with these Chinese speakers.
In fact, organisations worldwide have quickly discovered the need for and benefits of working with a translator for Chinese. Effective, clear and accurate messaging is imperative to ensuring all members of society understand their content. Moreover, access to this large market demographic creates tremendous business profit opportunities.
Entertainment Industry & Internet Communications
The rich culture of China is experiencing a dramatic time of globalisation due to all of the reasons stated hereinabove. Chinese movies and other forms of entertainment are now competing for awards internationally. Moreover, technological advances – especially the Internet and social media – have helped increase the demand to view films and videos originally produced in Chinese.
Rather than document translation, Chinese language translation is beginning to take new forms. Chinese movies need professional video subtitling services, while businesses marketing on social media need social media translations. A translator for Chinese can help with all of these services.
Renaissance Translations’ Professional Chinese Language Translations
If you’re looking for a reliable translator for Chinese, look no further. Renaissance Translations is your trusted Chinese language translation partner. With over 5,000 native and qualified translators, we have helped many global businesses and brands with their translation projects.
Our company is member of the Association of Translation Companies in England and we also use translation technology through our membership in SDL Trados LSP Partner Programme. Contact us today to get your Chine language translation project started. We will exceed your expectations and help you gain a slice of this massive and ever-growing Chinese market.