Business and political leaders around the world are asking how they can best come to terms with China’s emergence as a global power, particularly an economic power. But what is rarely discussed, certainly outside China, is how the newly emerging China is also forcing the Chinese to ask themselves about their own position and prospects.
Nowhere is this introspection more evident than in China’s business sector. Over the last 15 years, the growth in the Chinese economy has allowed many companies to develop and some to prosper – be they state-owned, private, or collective. Markets are far more open than they were a decade ago. Consumers are wealthier. A huge array of infrastructure has been built and brought into operation. And, above all, competition has intensified.
These changes have led many foreign companies to rethink their strategies for China. But they are not alone. Booz Allen Hamilton has identified a number of questions that Chinese managers are repeatedly asking.
Source: www.boozallen&hamilton.com
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