China’s New Era: How directors should be responding
The conclusion of the 19th National Congress and President Trump’s visit in no way marks an end to China’s economic reform program. China’s 13th Five-Year Plan outlined the necessary changes to transform China into a high-end manufacturing economy and to encourage investment into service industries. In the future, China is likely to implement more reform to nurture innovation and entrepreneurship, and to allow market forces to play a greater role in efficiently allocating resources within the economy. Directors of companies with expertise in relation to technology, digital innovation, services, investments, and in the financial and capital market sectors in particular should assess what opportunities the reform program will mean for them. With sufficient fact-based preparation, patience, and the right relationships, doing business with China is likely to become even more rewarding.