China’s Multispeed Economy: Opportunities and Challenges in Industrial Products and Services
- VOLUME XVIII, ISSUE 4
- Executive Insights
While the days of double-digit economic growth in China are over, 7% growth during 2015 is still remarkable by any standard and opportunities across many industrial sectors remain robust. Relatively speaking, the headwinds that many industrial companies have been feeling in the past few years are not necessarily a market growth issue.
Five years ago, all you had to do in China was to be in the right place at the right time and you had a great business. The more critical issue for business leaders now is whether they have the right capabilities, business model and product offering to compete going forward. Moreover, China has become a multispeed economy – some sectors still showing fast double-digit growth and other sectors slowing down considerably.
In this Executive Insights, we examine the key developments that will shape the opportunities and challenges for industrial companies in China in the coming years.