Malaysia Hotline: +603- 2141 8908
It
is vital that the country's companies continue to upgrade their operations in
the next five years as part of the "Made in China 2025" drive.
Partnerships with overseas players in advanced technology will increase China's
competitive edge.
The
country has done an excellent job, but timing is crucial if China is not to
lose its edge, adding that manufacturing rivals in countries such as Indonesia
and Vietnam are improving their infrastructure and labor skills.
To
do this, Cheung has called for greater international collaboration when it
comes to technology and other key services. This will help increase momentum as
the nation pursues the "Made in China 2025" strategy, which centers
on technological development in a move to revamp the manufacturing sector in
the next 10 years.
Since
the second half of last year, the economy has continued to slow. GDP growth
fell to 7 percent in the first six months of 2015 from 7.4 percent last year.
We
need to adapt to the changing business environment as China's reforms deepen,
and focus on client needs, such as IT consulting, e-commerce and outbound
mergers and acquisitions.
Industries
including retail, life science, medical, technologies and transportation still
have excellent growth potential. But energy-consuming industries such as the
automotive sector, mining and chemical production are facing tough times. In
these areas, talent and resources need to be redeployed as the economy is
rebalanced.
When
you look at the figures, 7 percent growth is still impressive compared with
many other countries, and is more sustainable as the economy is transformed.
As
reform continues and capital markets mature, there will be more demand for
professional services.
Many
of the ongoing reforms and government initiatives, such as State-owned
enterprises, the Belt and Road Initiative and outbound investments have
presented business services opportunities to professional firms.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my