China remains top foreign investment destination

china-flag

Foreign investment appetite remains but more certainty from clearer rules and regulations will help businesses invest in opportunities arising from China’s economic transition, said Dennis Nally, chairman of professional services group PriceWaterhouseCoopers International Ltd.

“When there are unclear issues out there, whether it is regulation, taxes or rule of law, businesses and investments will move to where there is more certainty,” Nally said.

“The sooner the government can provide that kind of certainty and clarity to facilitate the transition to the “New Normal”, the sooner businesses will gain the confidence to make those kinds of necessary investments,” he said.

Despite concerns over the slowdown, Nally said there is still significant global interest to invest in China because the attributes that gave rise to foreign direct investment in the last several years, such as an emerging middle class, have not changed.

That sentiment is backed up by a PwC report released earlier this year.

Although China lost its spot as CEOs’ most important overseas growth market to a resurgent US economy, the country remained second.

For PwC, China’s transition, particularly towards more outbound activities, provides a lot of optimism for the firm’s future growth.

“As companies transform themselves, they will look for our help and advice, whether it is in challenges such as international acquisitions or developing their businesses abroad, which are all opportunities for us,” said Nally.

China’s nonfinancial outward direct investment totaled $102.9 billion in 2014, up 14.1 percent from a year earlier.

Nally said that the government’s long track record of managing the economy gives a lot of people confidence that China will continue to grow at a healthy rate, which is crucial to the global economy.

The Chinese economy’s target growth of seven percent for 2015 will contribute to around one percent of total global GDP growth this year, according to PwC estimates.

 

 

Source : China Daily | March 21, 2015

Thomas D’Innocenzi

Advertisements

About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
This entry was posted in Business, Economy, Global Sourcing. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s