Question

What is your perspective of the China business environment right now as a foreign business in political, economic, social and technology asapect ? How do you handle the Challenges?

Answer 1

The earlier business environment was favorable in china. Thus, many firms or companies had shifted their offices or manufacturing units to China.

But after the China and US trade war, now the economic environment might not be conducive for many international businesses. The cost of export from china is spiking up. Politically, also there are many instances of riots and turmoils. Still, the political environment is stable. Technologically, China is investing massively in research and innovation and now it is no longer considered as a low-quality producer. Now China is competing with the world in terms of the development of new technology.

Thus, new MNCs have shifted their units to other adjoining countries where taxes and other benefits are available.