New In Asia’s Post

“China has undergone significant changes after the pandemic, which is referred to as “China’s new normal.” This new reality is driven by various factors that European companies must navigate to create momentum for their businesses in China. Approaching the Chinese market with an unchanged strategy and relying on pre-pandemic experiences that yielded results may be risky in the current landscape”. Read my take on ‘China’s New Normal’ in PwC Germany’s China focused publication China Compass.

-Made in China 2025🔥 In this expansionism, they know that they are supported by the Chinese government. The government's 'Made in China 2025' project aims to make the Asian country a frontrunner in the high-tech industry. "If they combine that position with their ability to produce cheaply, then we have a big problem in the West. Not only are we losing our own market position, but we are also at risk of becoming hugely dependent on Chinese technology and services." What do you think about? Share in the comments👇 --- For more eye-opener inspirations, follow me Peter Berkel #innovation #technology #motivation #marketing #branding #personalbranding #digitalmarketing #creativity #future #futurism

In an era where China dominates global manufacturing and stands as the world’s largest retail market, navigating its business landscape requires unparalleled expertise. With over 25 years of experience, GBP INTERNATIONAL is your trusted partner in understanding and capitalizing on the vast opportunities China offers, despite the rising US-China tensions and domestic policy shifts. China’s rapidly growing middle class and their increasing focus on health, wellness, and quality products present immense opportunities for businesses. Despite recent regulatory crackdowns on tech and education sectors, there are abundant prospects in non-politically sensitive areas. Volker Friedrich as the CEO of GBP INTERNATIONAL is known for his renowned insights into the Chinese market. "We see that concerns about China’s shift towards socialism are exaggerated. For most sectors, China remains the primary growth driver for even the largest global companies which is shown in recent investment decisions by BASF and Volkswagen and BMW. At GBP INTERNATIONAL, we echo this sentiment and are uniquely positioned to guide your business through China’s evolving landscape. Our team at GBP INTERNATIONAL leverages in-depth market research, local partnerships, and strategic foresight to help you navigate China's complex regulatory environment. We focus on aligning your business strategies with China’s national policy reforms, which emphasize self-sufficiency, innovation, and domestic consumption. We recommend to build local alliances to effectively penetrate the market and adapt to cultural nuances and to continuously evolve your products and marketing strategies to meet the dynamic preferences of Chinese consumers. "Only a few years ago everybody was running after China. Now things have changed? No - China continues to be the largest and fastest growing market for consumer and industrial products alike by far." Now is the time to capitalize on the transformative trends and policy changes in China. Let GBP INTERNATIONAL be your guide to unlocking long-term opportunities and achieving unparalleled growth in the world’s soon-to-be largest economy. #China

In my recent interview with Xinhua (Chinese news agency), I highlighted a crucial perspective on global competitiveness for multinational German companies. In today's dynamic landscape, the risk of not engaging with China is as significant as being present in the market. Missing out on China's innovation hub means forfeiting a key pillar of global competitiveness. Many companies affirm that winning in China is paramount to succeeding in global competition. Do you believe this is an exaggeration, or a fundamental truth? Let's discuss! And yes, the interview was condensed to a minute, there were more discussed than only opportunities but also many challenges we are facing. https://lnkd.in/gcmtUPi9

China's R&D Boom: Foreign Firms Invest Despite Geopolitical Tensions China's role as a global R&D hub is expanding rapidly. Foreign firms have increased their Chinese research staff to 716,000 and nearly doubled R&D spending to $52 billion annually. Despite economic and geopolitical challenges, 25 new foreign R&D centres opened in Shanghai in 2022, and R&D investments continue to rise. Global companies recognise China's talent pool and innovation-friendly regulations as crucial for success. However, tightening IP rules and potential American restrictions pose risks. #China #Innovation #GlobalEconomy #TechTrends #Geopolitics #Research #Development #ForeignInvestment #Shanghai #TechInnovation #TalentPool #EconomicGrowth #IPRegulations #FutureTech #MultinationalFirms #Technology #GlobalBusiness #RegulatoryChallenges #InvestmentTrends

With this innovation… It's clear that China has already arrived in 2050. The country's technological advancements are transforming the world as we know it. How is this even possible, he literally forgot to open the lid of the drink in excitement. China is indeed taking the lead in innovation. From AI and humanoids to smart cities and sustainable energy, China is pushing the boundaries of what's possible. That's why we have initiated a strategic partnership with china in the UK. With a massive domestic market of 1.3 billion people, China's economic influence is undeniable. The country's strategic investments in emerging technologies are paying off, and the rest of the world is taking notice. So, what does this mean for the future of business and innovation? How can we learn from China's successes and stay ahead of the curve? #China #TechnologicalAdvancements #Innovation #FutureOfWork #GlobalBusiness #Leadership #Strategy ♻️Repost PS: Have you ever used a Chinese technology and how was your experience?

Home delivery in china

J.P. Morgan: 𝐂𝐡𝐢𝐧𝐚 𝐢𝐬 𝐚𝐧 𝐈𝐧𝐝𝐢𝐬𝐩𝐞𝐧𝐬𝐚𝐛𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐟𝐨𝐫 𝐆𝐥𝐨𝐛𝐚𝐥 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 An interesting article from CNBC highlights the strategic insights of JPMorgan's Asia Pacific CEO, Sjoerd Leenart, who underscores the importance of engaging with #China. At the Global China Summit in Shanghai, Leenart stressed that businesses "𝙝𝙖𝙫𝙚 𝙩𝙤 𝙙𝙤 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙩𝙝𝙚𝙧𝙚" due to China's massive influence on the global economy 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐈𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬: 𝟏. 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐏𝐨𝐰𝐞𝐫𝐡𝐨𝐮𝐬𝐞: China contributes 19% to global GDP and 48% to Asia's GDP, underscoring its pivotal role in the world economy 𝟐. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞: China's market dynamics affect industries worldwide. Thus, understanding and engaging with China is crucial, even for companies not directly operating there. 𝟑. 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐭 𝐄𝐜𝐨𝐧𝐨𝐦𝐲: Despite recent challenges, including issues in the property sector, China's GDP growth exceeded expectations in early 2024. This demonstrates the market's potential and the effectiveness of supportive government policies. 𝟒. 𝐋𝐨𝐧𝐠-𝐓𝐞𝐫𝐦 𝐄𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭: Engaging with China involves a long-term strategic perspective. The economic ties and opportunities presented by China are vital for sustained growth and business success globally 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬: • 𝐂𝐡𝐢𝐧𝐚'𝐬 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞: As a leading global economy, China’s market conditions and policies significantly influence global economic trends. • 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐦𝐩𝐞𝐫𝐚𝐭𝐢𝐯𝐞: Companies must consider engaging with China to stay informed about global market shifts and leverage growth opportunities. • 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞: Continued economic growth and strategic government interventions in China present ongoing opportunities for international investors. • 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭: Long-term engagement with the Chinese market, is crucial for maintaining a robust global business strategy. For those based in Hong Kong, this perspective reinforces the unique opportunities to leverage our position as a gateway to China. Engaging with China's dynamic market is not just advantageous but essential for global business strategy. #HongKong #China #GlobalBusiness #Asia #APAC

The real question isn't how long it will take China to adjust to the Western business landscape, but how long it will take the Western business world to adapt to China's. China's resilience and competitiveness have been demonstrated globally. Higher tariffs and taxes won't hinder China's progress; instead, they will drive innovation and growth. It's time to collaborate with China rather than oppose it, as their continued success is evident.

The rivalry between Hong Kong and Singapore has been ongoing for decades. Despite their similarities in culture, energy, and ambitions, both have been intense competitors in the financial industry. However, it's time for both to work even closer with one another, collaborating and exchanging ideas for a win-win combination. This will show everyone that restricting competition will eventually short-change everyone in our global village. Read more about the importance of collaboration in the financial industry in the link below: https://lnkd.in/gaiP57gg