What will be the role for international entrepreneurs in China’s emerging 2-track economy?
China’s economic development is being pulled in two diverging directions as Beijing struggles to steer a course through this global recession. On one hand, collapsing international demand for Chinese exports has led policy-makers to stimulate the domestic economy with a massive state-directed infrastructure and employment-oriented spending programs. On the other hand, rational leaders know that they can’t simply write off the external economy that has underpinned China’s stunning success over the last decade.
The result is that China will transition to a new 2-track solution that attempts to chart a middle course – a carefully orchestrated set of domestic policies existing in harmony with a vibrant international, market-driven economy.
The question for international managers in China is – where does your business fit in, and how should you guide your company’s development to take advantage of the new economic reality?
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