Analysing China’s economy currently is an interesting exercise. On the one hand almost all of the growth indicators look excellent by world standards, and not too bad by Chinese standards of the past few years.
The Yangling Hi-Tech Agricultural Demonstration Zone
Monday May 27th 2013
Following the PM’s recent visit to China, and the April visit to NZ by the Chinese Minister of Agriculture, a number of new initiatives between NZ and China, including a signed strategic plan for cooperation in Agriculture between the two countries, have received media and industry attention.
A survey of US Business Councils found that recruiting and retaining staff was their main operational issue in China. It’s likely you will spend more time on HR issues in China than in any other market.
Attention on China’s economy in the international press and financial markets generally has eased off recently. This reflects two things. First is the settling of China’s GDP growth rate just below 8% with minor fluctuations upward and downward in recent months regarding growth being just above or just below 8% for this year.
Sharon Lucock, lecturer and PhD student at Lincoln University, gives the best run-through of reasons explaining how Chinese approach business relations with a Western company that I have ever seen. It s essential reading for those interested in understanding more about what motivates much Chinese behaviour they could currently be struggling to understand.