As the American market for translation slows down, the market in Asia continues to grow. According to the Common Sense Advisory Board, Asia makes up 12.88% of the global market share for translation services and provides a multitude of opportunities for growth.
As Asia’s biggest economy, China has an important role to play in this. Although there is widespread talk of decline within the Chinese economy, it is still by far the fastest growing nation of the last decade.
Despite its ageing population of 1.3 billion, China is set to create an increasing amount of translation business in the coming years. The Chinese government is now focusing on creating more exporting opportunities for indigenous businesses that are answering to growing demands from the US and Europe. Chinese exports grew by 14.1% in December 2012 compared to one year earlier. In February 2013 ‘Bloomberg’ discussed how China has now surpassed the US as the world’s biggest trading nation.
Answering to the demand for Chinese Machine Translations, KantanMT has recently introduced Chinese language capabilities on the cloud-based platform. Members can manage Chinese Machine Translation engines using the same process as all other languages on KantanMT.com. Simply upload Chinese training data, build a KantanMT engine, and then translate client files. KantanMT encourages members to use KantanWatch™ to track the quality improvements of their engines over time, helping them to significantly improve engine performance.