On 7th November, 2016, the Chinese authorities passed a new Cybersecurity Law that will have significant ramifications for the operations of European businesses
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.
Although China is gradually shifting to a consumer-driven economy, opportunities for domestic consumer goods companies are actually becoming scarcer.
The digital economy has become a crucial driver for China’s economic development, and its market is now a global leader, opening new opportunities for foreign business.