Deloitte --- For both Western governments and multinational companies, it is essential to do business with China. China's rapid strides in complying with the World Trade Organization and its continuing robust economy leave little choice. China now accounts for 17 percent of the total trade volume in Asia, and nearly five percent of global trade volume. Its low-wage environment makes it the competitive choice for manufacturing firms who wish to export. And its rapid adaptation to the free trade environment is making it increasingly attractive as a place to do business. Western governments face pressure to get closer to this powerful partner to gain advantage for their domestic companies.
Main contents:
·Years of potential growth
·SOE reform will mean better governance
·Fears of overheating
·Interesting facts and figures
