Foreign business and investment in China more vital than ever, according to new PwC business guidebook
15/2/2013 13:56
Careful planning, risk management and a flexible strategy are key to sustainability and risk resilience in China
As China’s new leaders move to embrace foreign direct investment to revive the global economy, market entrants and investors can find a path to sustainable success in China with an open mind and flexible strategy, according to PwC’s latest edition of Doing Business and Investing in China. The guidebook compiles insights and perspectives through interviews with dozens of PwC’s leading China-based practitioners. These contributors offer a wealth of on-the-ground experience in dealing with top business issues in China, such as sustainable supply chains, risk resilience, JV and M&A deals, and government relations.
“With the current economic situation and change in leadership, we’re seeing an increasing liberalisation of the China market to foreign investment,” said Frank Lyn, PwC China and Hong Kong Managing Partner. “As multinational businesses shift their focus from China’s ‘emerging labour pool’ to its ‘emerging middle class,’ now is the time to step up your China strategy and capitalise on new market reforms.”
Rapid changes in demographics and market forces are opening up exciting new sectors and opportunities that would never have been believed possible a few years ago, much less open to foreign investment.
In addition, in November 2012, the 18th National Congress of the Communist Party of China (CPC) sent the international community a clear and consistent message that the new leadership remains committed to “deepening reform and opening up.”
The 10 chapters of the book cover topics which have been developed in response to issues that China investors and corporate leaders have told us are of importance to them. They are:
1. Market entry and growth
2. Doing deals
3. Managing risks
4. Corporate governance and IT effectiveness
5. Human resources and talent management
6. Finance and treasury
7. Supply chain strategies
8. Government relations, regulatory compliance and stakeholder alignment
9. Tax management: planning and compliance
10. Accounting and reporting
China’s simultaneous catalysts—an aging population, growing wealth, changing consumer attitudes, rising environmental awareness, greater mobility, urbanisation, and decreasing household sizes—are pushing the country through a process of great change. To keep up, market reform is moving a growing number of sectors and markets towards liberalisation. The agenda for China’s new leadership is to encourage more private investment and to nurture the growth of the private sector. It is also committed to opening up new markets and sectors to foreign investment.
Meanwhile, with no signs of a pickup in the euro zone and US economies, strong expectations are being placed on China for growth opportunities. Careful planning, according to PwC’s specialists, is key to any China strategy, particularly in entry and growth.
PwC’s third edition of Doing Business and Investing in China is available online at www.pwccn.com/investchina.
As China’s new leaders move to embrace foreign direct investment to revive the global economy, market entrants and investors can find a path to sustainable success in China with an open mind and flexible strategy, according to PwC’s latest edition of Doing Business and Investing in China. The guidebook compiles insights and perspectives through interviews with dozens of PwC’s leading China-based practitioners. These contributors offer a wealth of on-the-ground experience in dealing with top business issues in China, such as sustainable supply chains, risk resilience, JV and M&A deals, and government relations.
“With the current economic situation and change in leadership, we’re seeing an increasing liberalisation of the China market to foreign investment,” said Frank Lyn, PwC China and Hong Kong Managing Partner. “As multinational businesses shift their focus from China’s ‘emerging labour pool’ to its ‘emerging middle class,’ now is the time to step up your China strategy and capitalise on new market reforms.”
Rapid changes in demographics and market forces are opening up exciting new sectors and opportunities that would never have been believed possible a few years ago, much less open to foreign investment.
In addition, in November 2012, the 18th National Congress of the Communist Party of China (CPC) sent the international community a clear and consistent message that the new leadership remains committed to “deepening reform and opening up.”
The 10 chapters of the book cover topics which have been developed in response to issues that China investors and corporate leaders have told us are of importance to them. They are:
1. Market entry and growth
2. Doing deals
3. Managing risks
4. Corporate governance and IT effectiveness
5. Human resources and talent management
6. Finance and treasury
7. Supply chain strategies
8. Government relations, regulatory compliance and stakeholder alignment
9. Tax management: planning and compliance
10. Accounting and reporting
China’s simultaneous catalysts—an aging population, growing wealth, changing consumer attitudes, rising environmental awareness, greater mobility, urbanisation, and decreasing household sizes—are pushing the country through a process of great change. To keep up, market reform is moving a growing number of sectors and markets towards liberalisation. The agenda for China’s new leadership is to encourage more private investment and to nurture the growth of the private sector. It is also committed to opening up new markets and sectors to foreign investment.
Meanwhile, with no signs of a pickup in the euro zone and US economies, strong expectations are being placed on China for growth opportunities. Careful planning, according to PwC’s specialists, is key to any China strategy, particularly in entry and growth.
PwC’s third edition of Doing Business and Investing in China is available online at www.pwccn.com/investchina.
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