Amid the challenges of China’s economic slowdown and rising business costs in the country’s megacities and lower-tier urban areas, multinational corporations should also expect intensified competition from their local counterparts. Domestic firms, especially state-owned enterprises (SOEs) exempt from the country’s Anti-Monopoly…
Expensive China: Rising Business Costs
Managing profitable growth has become increasingly difficult for many multinationals in China. According to recent business confidence surveys of foreign chambers of commerce in China, more multinationals experienced stagnant or decreased profit margins in 2014 than in prior years. The…
Global China: Market Liberalization & Internationalizing RMB
One of the most critical forces driving China’s market-oriented reforms is the further easing of foreign investment thresholds. Despite heavy state control in many key industries, the country’s economic rebalancing plan allows market forces to efficiently allocate resources and invites…
China 2020: Where is China headed with its “New Normal”?
In his speech at the World Economic Forum’s annual meeting in Davos last month, Chinese Prime Minister Li Keqiang emphasized again that the world’s second-largest economy will not suffer a hard landing and that China is ready to endure reduced GDP…