After three decades of economic reform, China has become a great economic power in the world, thanks to low-cost labors and materials. Now with intensified competition, rising production and labor costs, and excess production capacity, China’s economy is facing a strong headwind, posing severe challenges to local and foreign businesses. This report profiles major challenges faced by Chinese, Taiwanese, and foreign companies in China, and provides corresponding strategies to help business owners overcome the difficulties in China’s changing business environment.
List of Topics
- Challenges faced by Chinese, Taiwanese, and other foreign companies in China; the research results were from surveys conducted by various organizations, including American Chamber of Commerce and European Chamber of Commerce in China
- Top ten challenges for businesses operating in China and their corresponding strategies, touching on labor and production costs, storage of human resources, policy uncertainty, social Insurances and tax, IP infringement issues, the need for business transformation, difficulty in securing capital funds, the risks of unclear laws and regulations, and environmental protection issues
American Chamber of Commerce in China, Bain & Company, Boston Consulting Group, Capital Economics, Cathay United Commercial Bank, China Entrepreneurs Survey System China Social Security Research Center, China’s Development Research Center of the State Council, Chinese Academy of Governance, Chung-Hua Institution for Economic Research, Deloitte Taiwan, European Chamber of Commerce in China, Foxconn, German Industry and Commerce, International Federation of Robotics, M.J. International, Management Institute in Taipei, Manpower Taiwan, Ministry of Industry and Information Technology, Ministry of Economic Affairs, National Bureau of Statistics, National Development Council, PwC China, Roland Berger Strategy Consultants, State Administration for Industry and Commerce, Sichuan Provincial General Chamber of Commerce China, Taipei Chamber of Commerce, Taiwan External Trade Development Council, Taiwan Business Association, TCL Towers Watson, United States-China Business Council