EY Strategic Growth Forum™ session highlight
Capturing the China opportunity
Three leading business figures exchanged their views yesterday on the vast opportunities China offers to investors. If you’re considering a China investment, bear these tips in mind:
- Don’t be deterred by the presence of large competitors. You may not be the largest player in the market but you will almost certainly enjoy rapid growth.
- Foreign entrepreneurs and investors in China have to play their part in building and promoting a healthy business environment. By doing so, you’ll be investing in the long-term benefit China has to offer.
- Be ready for a boost. Slower growth is likely to drive the Chinese government to shift resources from state-owned enterprises to private enterprises.
- China may well produce a high-return investment target – like Facebook in the US – within the next five years.
The panel agreed that these changes – and the increased competition as digital platforms develop and markets open up – will lead to a larger and more level playing field for all in the market.
These insights are from a panel moderated by Albert Ng, EY Chairman, China and Managing Partner, Greater China. The panelists were Dr. Ma Weihua, Chairman of Wing Lung Bank Ltd.; Professor Zhang Weiying, Professor of Economics and Director of the Center for Market and Network Excellence, Peking University; and Professor Cao Yuanzheng, Chief Economist, Bank of China.