China in the Global Economy
dpeguin | 15 juillet, 2009 04:52
The panel discusses the economic outlook for China, as well as the opportunities and challenges related to doing business in the country.
- Victor Fung, PHD 1971 Group Chairman, Li & Fung Group
- John Stropki Chairman, President and Chief Executive Officer, Lincoln Electric Holdings, Inc.
- G. Richard Wagoner, MBA 1977 Chairman and CEO, General Motors Corporation
- Marjorie Yang, MBA 1976 Chairman, The Esquel Group
China's economy has transformed from an export-drivfen economy to a domestically driven economy. While the global economic downturn will affect China's exports, the domestic economy is expected to remain strong. Given its size, the Chinese domestic market is strategically important for all global companies striving to maintain their global positions.
In the short term, companies doing business in China will face challenges such as an underdeveloped infrastructure, unfamiliar business structures, and limited skills among middle- and upper-level managers. Despite these obstacles, the current and long-term potential in China is immense.