Doing Business in China 2020 - Deloitte US
Doing Business in China 2020
Foreword
04
Chapter I Economy profile of China
06
1. Global & China economy outlook
07
2. China's 14th Five-year Plan
09
3. Growth drivers
10
Chapter II Shaping a new era: the evolving business environment in China
11
1. A more open China
12
2. An impartial China
36
3. An innovative China
40
Chapter III Where to invest: tap emerging opportunities
59
1. Free trade zones in China
66
2. China's high potential locations
72
3. Greater Bay Area
75
Chapter IV About Deloitte Global Chinese Services Group
73
1. The business enabler between China and the world
80
2. Our activities in the market
81
3. Global Belt & Road Initiative 2.0
71
Chapter V Acknowledgement
79
Endnotes
81
Doing Business in China 2020 | Foreword
Foreword
John Hung Chairman Deloitte Global Chinese Services Group johnhung@.cn
The Doing Business in China 2020 handbook comes at an important moment for foreign investors. In the wake of a pandemic and rising geo-political tensions, the global trade environment has changed and the world markets are in an unprecedented period of uncertainty. In response, multinationals have to think differently about how and where they do business. As we move towards a post-pandemic world, companies in search of growth or diversification need to adapt. They need to look beyond traditional ways of doing business and focus their sights on emerging opportunities in the new normal. In this context, China has become more important than ever.
Since 2003, Deloitte's Global Chinese Services Group (GCSG) has been advising Chinese companies on expanding their global presence and multinational companies on operating in China. We believe the uncertainties of today represent a moment of real opportunity. For many, China is seen as an unconventional and complex market. The prospect of doing business here could be daunting even before the pandemic. Certainly it poses great challenges in the current climate, but as Beijing further lifts restrictions on foreign investment to stimulate economic activity, many foreign investors are well-placed to benefit from a market where new opportunities continue to emerge in a range of different sectors. China's growth playbook, the 14th Five-Year Plan (2021-2025), also targets a greater opening up and improved business environment for foreign investors.
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Doing Business in China 2020 | Foreword
There is great potential for companies with the right support in place. This is where the Doing Business in China has such an invaluable role to play. You will find in this updated version a wealth of the latest market information and practical advice produced by Deloitte's subject matter experts across different industries and sectors. The handbook highlights major growth drivers for China's economic transformation and examines newly introduced policies leading to a foreign capital?friendly business environment. It also dives into some of the China hot topics with an emphasis on retail, mobility, smart city and FinTech. Last but not least, it explores the different investment location offers including regional free trade zones, economic zones, and the Greater Bay Area for newcomers as well as those looking to expand their existing presence. This handbook provides an excellent reference for anyone considering a China market entry strategy, and also for multinationals as they expand their operations within China. I hope you will find it useful. I wish you all the best as you connect with exciting new opportunities in the new norm.
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