Simon Says | What Western businesses operating in China must know
Today on Simon Says we discuss China. Obviously with the currency devaluation and the changes in the stock market, its something people are keen to know more about. Once heralded as the economy that was going to knock America off its top spot, China is now stuck in the so-called middle income trap. The first part of growth they experienced was typically to do with mobilizing massively cheap labor to provide manufactured goods to the global economy. That theory is over now, because China is becoming increasingly complex and increasingly costly. Also for political and other reasons it is increasingly problematic to operate in if you're a large foreign company. Is the communist government becoming too draconian and how does that impact China's growth? Please subscribe to our channel for more videos or visit our website - www.hongbaomedia.com or visit Simon Littlewood's ACG website - http://www.acgrowthdelivered.com/
