China’s economic challenge: AmCham Shanghai reports
January 14th, 2009 by Technomic Asia News
In its January issue, “Insight” magazine from the American Chamber of Commerce in Shanghai carries a cover story that looks at “China’s economic challenge.” The article examines how the Middle Kingdom has fared so far in this global downturn and what the road out of it might look like.
One analyst quoted in the article says, “In the past several years when investment was booming, we were seeing a lot of waste. But now companies are rethinking their expansion plans and proceeding more carefully and rationally.”
However, some analysts say that now might be the time for foreign companies to make aggressive investments in China — acquiring companies, forming ventures, committing to solid projects and boldly entering the Chinese market.
“While things are deteriorating in the West and companies are hard-pressed to grow in their
home markets, they are finding new markets and new growth opportunities in China,” says [Technomic Asia's Kent] Kedl. “China is going to be the key path out for a lot of companies.”
You can read the full article on AmCham’s site — look for the link to the PDF at the bottom of this excerpt.
