Challenges For The Chinese Exec
The Organization for Economic Co-operation and Development (OECD) reports that by 2025, China's GDP will make up 25 percent of total global GDP, with the US at 18 percent and Europe at 10 percent. This impressive growth means an unprecedented number of Chinese executives will make their presence felt in the world of business. Mainland China still is a low-cost manufacturing and processing base, but it is moving increasingly into the high-tech and telecommunications sectors. Not only an export base, as the economy grows and annual incomes rise, China is attracting foreign investment to serve the growing domestic market. But Chinese companies want an equal playing field. They do not yield their own market to foreign competition without seeking to compete on overseas markets themselves.