The Shifting Nature of Chinese Industry

Booz Allen Hamilton---Business and political leaders around the world are asking how they can best come to terms with China's emergence as a global power, particularly an economic power. But what is rarely discussed, certainly outside of China, is how the newly emerging China is also forcing the Chinese to ask themselves about their own position and prospects. Nowhere is this new introspection more evident than in China's business sector. Over the last 15 years, the growth in the Chinese economy has allowed many companies to develop and some to prosper---be they state-owned, private, or collective. Markets are far more open than they were a decade ago. Consumers are wealthier. A huge array of infrastructure has been built and brought in to operation. And, above all, competition has intensified.

Main contents:
·How long will the low-cost approach continue to work for Chinese companies?

·With China increasingly opening its economy to foreign participation, how can Chinese companies develop new and sustainable competitive advantages?

·How can Chinese companies learn to become innovative and move up the value chain?

·How can Chinese companies transform domestic success into global reach?

·How should Chinese companies view Western multinationals ---as partners or competitors?