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?
China’s reopening and renewed focus on economic growth signals a more promising business environment. However, ongoing developments in China’s geopolitical, regulatory and operational conditions continue to raise concerns about the country’s shifting risk landscape and questions about what role multinational companies can play.
China remains a market capable of creating large expectations and even larger surprises – whether companies can make the most of opportunities often depends on how effectively they can mitigate these quickly evolving risks. Control Risks supports our clients in addressing the most concerning issues on the management agenda and dealing with reality on the ground.
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.
When considering a localisation strategy in China, it is critical to do a holistic assessment by looking at the risks of both action and inaction, but the latter of which is often missed. Getting a comprehensive view on your China market is the key to making the right decision.
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.
Counterfeiting, copycat and parallel production have gained a new dimension in China in the digital era. Tackling market misbehaviour should include a 360-degree review of the distribution and supply chains of your products, and the behaviour of the counterfeiters.
Deliberate contamination of the food supply, known as “intentional adulteration” (IA), is a serious threat faced by food producers. Companies need a resilient food defence strategy to manage associated risks proactively.
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.
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.
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.