Please find attached a China Report by CBI member, Deloitte and their Global China Services Group on recent developments affecting China’s economic landscape.
In this report, Deloitte anticipate that China will continue to implement market access reforms aimed at encouraging more innovation and fairer competition to drive economic growth.
The report is framed around China 40 years of reform and opening up, and comments on how over the years business has seen reform and opening-up in China.
According to Deloitte China Chief Economist, Xu Sitao, opportunities will continue to abound in several growing sectors. Confident consumers, combined with consumption upgrading supported by economic transformation, will bring more opportunities in retail.
Meanwhile, technological innovations, especially within the field of AI are prompting faster growth in the technology and emerging industries sectors. The automobile, service and financial service sectors are all additionally ear-marked as areas for potential growth and development.
According to the guide, the China economic environment is about to enter a new age, where emerging technologies and innovation will drive the development of most industries.
Please find the report here.
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