China is set on securing its place in the global hierarchy as it transitions from an economy dominated by manufacturing and exports to one led by technology and services. To this end, the administration of President Xi Jinping has brought in a legal and policy framework that fundamentally alters the landscape for foreign businesses.
China is still an opportunity, but the rules of the game have changed forever. The coming phase of China’s development will continue to be highly disruptive and some businesses will not survive. What steps should foreign multinationals take to future-proof their China business?
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With the end of China’s zero-COVID policy and the ebbing of the first major COVID-19 wave, the year of the Rabbit has begun with great promise. China remains a market capable of creating high expectations and even larger surprises. But can its 180 degree shift in priorities from zero-COVID to economic growth deliver?
Businesses’ concerns about China in recent years have often been captured by major shocks and external trends. While these are hugely important, many people have lost sight of underlying, durable trends in the local regulatory and policy environment that will shape China’s business environment.
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The answer is “yes”, but only for companies who know where the political and regulatory priorities and limits are. Kent D. Kedl, Partner and Head of Greater China and North Asia, discusses the key points in future-proofing your China business strategy in the new era.
In this podcast, our experts discuss the most recent developments in China after an about-turn in its zero-COVID policy, the outlook for the country in 2023, the key issues at the top of the agenda for many of our clients, and how businesses should correctly calibrate their risk vs. opportunity lens to derive the maximum value from China’s opening up.
In a global economy ripe with uncertainty, anticipating and planning for worst-case scenarios is critical to both building resilience and thriving. In China, planning for the worst isn’t just about survival – it’s about finding a means to protect value generation in an increasingly challenging operating environment.
Localisation has been a central theme for foreign businesses in a range of industries in China in recent years and will increasingly shape the future competitiveness of them. How should companies prepare for the trends?
"Common Prosperity” has been a major theme in official discourse in China in recent years, reflecting longstanding concerns that the government has had with numerous socioeconomic issues. Businesses must learn how to position themselves in a way that addresses common prosperity goals.
Few National Congresses of the Communist Party of China (CPC) in history seem to have generated as much global media attention and market response as this year’s, underscoring how business is increasingly driven by politics. With all eyes on China's future political trajectory and business environment, have the fundamentals of its long-term growth changed?
Developing resilience in asset protection in China is more important now than ever, and the cost of failure to do so extends far beyond the balance sheet, creating reputational risk on a global scale. In order to address the issue, businesses need to identify and assess key risks using an investigative mindset, as well as improve internal controls and compliance management.
When faced with COI allegations, it is critical to develop an intelligence-based assessment of the risk to business continuity and create an execution plan to mitigate and minimise that risk.
Control Risks experts discuss the changing supply chain landscape in China, the opportunities and risks of running supply chains in South-East Asia, and what businesses should be considering no matter which market they will focus on in the future.
Why relying on ESG ratings may be the quickest way to undermine your own reputation for ESG compliance.
Geopolitical tensions are becoming a larger source of disruptions. Multinational corporations need to recalibrate their China strategy accordingly if they want to succeed globally.
Regulations are transforming the way companies use technology and handle information. Companies operating in China now need to adjust and adapt work processes to effectively manage their compliance commitments.
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Learn how RIOT Games pulled off the biggest live esports event during the height of the Covid-19 pandemic with Control Risks by their side.
Our China experts are multinational and multi-disciplined, drawn from backgrounds including professional services, law, cyber security, technology services, academia, law enforcement, intelligence services and the military. Meet some of our China consultants and analysts dedicated to creating the best outcomes for our clients and their China businesses.
