As China becomes a more mature market, with 7.6 percent GDP growth in 2014 and an expectation of a similar rate for 2015, opportunities are arguably as plentiful as they ever were – if you know where to look.
The Chinese government, under the leadership of new president Xi Jinping, has reaffirmed its determination to pivot away from the investment- and export-led growth that powered its economic rise toward a more consumption-driven economy that delivers more equal growth in per capita income.
The country is in the midst of a massive recalibration with considerable opportunity for smart, agile competitors who keep up with the transformative changes to come. China’s plan to maintain a national GDP growth target of 7.5% through 2015 must be accompanied by an equally resolute vision for cleaner growth. To achieve this, China must invest in energy efficiency, reduce emissions from heavy industry, and boost renewable energy’s share in the national energy mix; furthermore, clear economic incentives must form the core of these initiatives. By adopting a greener, smarter and more productive approach to development, China has the opportunity to improve resource efficiency as well as the quality of life for its citizens.
Stricter supervision of banks will ensure that they become more robust and can resume lending to citizens and businesses, making it easier for small businesses to raise money and making Europe a more attractive place to invest.