Although financial risk management has become more of a priority issue for the Chinese Government, the ‘stability approach’ propounded during the recent Two Sessions clearly indicates that radical reforms in the near future are improbable. Benjamin Jacobs and Yvonne Yu, APCO Worldwide, explain more below.
Due to their wide-ranging downstream applications and impact on the overall market, industrial gases have been dubbed the ‘blood’ of industry.
Levelling the playing field for SMEs in China: European Chamber’s recommendations included in revised China SME Promotion Act
First coming into effect in 2003, the SME Promotion Act underwent a recent revision in late 2016.
European SMEs are traditionally strong in the development of new technologies and providing related services.
Providing support to SMEs has been a long-standing policy of the European Union, particularly helping them to establish businesses and succeed overseas.
Having changed profoundly in just 10 years, it is perfectly conceivable that the pace of change to China’s business landscape will increase further over the next decade.
One of the keys to SMEs’ success is a focus on long-term economic growth and financial stability.