Despite the Chinese stock market’s recent downturn, China remains a highly attractive market for foreign companies and one of the world’s major centres of wealth creation. In addition, this second-largest economy on the planet is expected to grow by 950 billion USD in 2015, according to the International Monetary Fund.
For some years now, the Chinese economy has been undergoing a transformation and providing a number of business opportunities. China is becoming richer, more urbanized, and increasingly oriented towards a knowledge economy. To seize opportunities, one must have a good understanding of this transition and be able to anticipate future needs.
Chinese companies are becoming increasingly influential on a global scale. They are growing, they invest in research, and some 100 of them are on Forbes’ list of the 500 largest global fortunes. The Chinese have understood how important innovation is to remaining competitive, and they have stepped up efforts to promote education and protect intellectual property.