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Market, Strategy

Hong Kong: Comeback or Decline?

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Hong Kong: Comeback or Decline? May 20, 2025 Hong Kong’s new National Security Law has raised fears that the city will lose its allure as a global financial hub. During an IMA Asia meeting in Shanghai, one member suggested ‘We often think of Hong Kong as a global hub or a regional hub for business. That’s not Hong Kong. Hong Kong is no more than the smallest of the tier one cities in China. Hong Kong is a tier one city, but it’s the smallest one.’ Hong Kong’s reputation has taken a hit. ‘It’s become tougher to attract international talent to Hong Kong. A lot of jobs require Mandarin. People are worried about how a revised “one country, two systems” will affect them and their company.’ While the legislation and reputational worries trouble some executives, others see Hong Kong as a robust financial hub with a promising future. ‘Hong Kong is the only financial centre in China – 71% of RMB SWIFT payments are passing through Hong Kong.’ ‘A de-risking exercise, in which treasuries are coming into the market, is propelling Hong Kong’s comeback in the financial sector. Hong Kong is a transparent market where regulations are enforced. I have a positive view of Hong Kong’s future.’ Many foreign executives based in Hong Kong remain bullish on the territory. ‘Hong Kong is 60% of our revenue. Singapore is only about one tenth of the size. In Thailand, we’ve had two large projects. But you never know when the next one will happen, or whether it will get canceled. In Malaysia, we’ve been talking about an investment for three years, but the government could stop that. Vietnam’s been in the doldrums for 18 months. There’s no predictability with these markets.’ The bottom line… ‘In Hong Kong, personalities change but it’s still basically the same government. There are consistencies and continuities.’ Our report ‘The Future of Hong Kong as a Regional Headquarters’ holds valuable insights about Hong Kong’s future. Deepen your understanding & explore the implications for business and strategy in our latest Asia Brief. Log In to access our latest reports. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Geopolitics Japan Leadership Market Strategy Team-Building Hong Kong: Comeback or Decline? May 20, 2025/No Comments Hong Kong: Comeback or Decline? May 20, 2025 Hong Kong’s new National Security Law has raised fears that the city… Read More Bridging the Protectionist Gap in China August 22, 2024/ Bridging the Protectionist Gap in China August 22, 2024 Signs of rising protectionism amidst the country’s push for self-sufficiency are… Read More Japan: Back on the Radar August 21, 2024/ Japan: Back on the Radar May 8, 2025 Japan is looking positive. ‘There is a surge in consumption; people are… Read More Load More End of Content.

two businesses people shaking hands Bridging the Protectionist Gap in China
China, Geopolitics, Market, Strategy

Bridging the Protectionist Gap in China

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Bridging the Protectionist Gap in China August 22, 2024 Signs of rising protectionism amidst the country’s push for self-sufficiency are concerning to China CEOs. ‘Nationalism is on the rise. We were excluded from public bidding in steel, which is not a sensitive sector.’ ‘Guest speakers advised us that increasingly big Chinese companies only want to work with 100% locally supplied firms. If you cannot prove you are sourcing locally, you are out.’   Foreign firms don’t have to accept the cold shoulder treatment. CEOs can influence how their firm is regarded if they sell their firm’s China story often and well. Setting the record straight matters. ‘I am working much harder on our storytelling. We have local IP and 95% local manufacturing, so our products are made here. We must act because this (nationalism) will only get worse. The competition is using our foreign name as an argument against us.’ It starts with how CEOs assess their firm’s contribution to the Chinese economy. In many instances, official statistics underreport a foreign firm’s impact. CEOs need to prepare themselves with the right data points, and these need to cover ‘new-quality productive forces.’ Investment has long been a key selling point. Since FDI numbers are declining, Chinese stakeholders may consider foreign firms less relevant. However, official FDI figures don’t capture today’s picture. ‘We invest internally, but this is not counted as FDI. When we start a new legal entity, we do an equity injection until it’s self-sustaining. Most of our investments are with locally generated cash.’ FDI was once a helpful statistic, but it’s less so now. China’s CEOs should highlight what’s most important: their firm’s investment is here to stay, and more will come. ‘I pass this message to officials: MNCs in China will keep investing over the next ten years. However, firms not yet in China are less likely to bring in FDI. The definition of FDI should include cash generated in China that would get sent back as dividends in other markets. The China investment thesis is still strong.’ Not all foreign firms feel the chill of ‘nationalism’. Some have developed thriving partnerships with local firms. One is worth noting for its innovative structure. ‘We are five years into a partnership with a Chinese firm that’s only getting warmer. We own 20%, the Chinese side has 30%, and the other half is floated on the HKSE. Our partner has sent signals to increase communication on topics beyond the core partnership. This is because we have a solid level of trust.’ Chinese firms still need and want to partner with foreign firms. The key is to find a point of mutual interest. A classic pairing is a foreign premium brand with a Chinese distributor, but in 2024, consider shared ownership rather than a JV or licensing deal. ‘China is the biggest market in the world for us, but we needed more scale and route to market. We have premium brands, however. Put the two together; theoretically, you have magic, which is what we’ve shown. Last year, we grew 60%, and this year, we will grow 20% to 30%. The partnership is a financial success for both parties.’ Firms can consider being more creative with their China investments, and China CEOs must sell their firm’s value widely. Deepen your understanding & explore the implications for business and strategy in our latest Asia Brief. Log In to access our latest reports. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Bridging the Protectionist Gap in China August 22, 2024/Read More Japan: Back on the Radar August 21, 2024/ Japan: Back on the Radar May 8, 2025 Japan is looking positive. ‘There is a surge in consumption; people are… Read More Asia’s Geopolitical Balancing Act August 13, 2024/ Asia’s Geopolitical Balancing Act August 13, 2024 As rising geopolitical tensions – notably China versus the US, and Russia versus… Read More

Japan, Market, Strategy

Japan: Back on the Radar

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Japan: Back on the Radar May 8, 2025 Japan is looking positive. ‘There is a surge in consumption; people are going out there, spending their money and living in the moment.’ ‘We’re seeing an uptick across categories from automobiles to CPG (consumer packaged goods).’ ‘We’re launching more stores for brands than ever before.’ ‘In the long run, Japan’s domestic market is becoming more interesting. We are thinking about what companies would be possible to acquire and what possibilities are there for investments. But it’s very much tied into the Japanese yen and the political situation. It’s hard to manoeuvre.’ Japanese and foreign firms alike rely on their global networks to maintain and grow their business and profits in Japan. However, small and medium-sized enterprises form the backbone of Japan’s economy. SMEs employ around 70% of the total workforce in Japan and contribute about 53% of Japan’s total added value (GDP). Rising wages and higher costs of capital are putting Japan’s SMEs under a lot of pressure. ‘Wages of part-time workers are going up at 2 ½ to 3½% per annum, which is unheard of. Japan has a chronic labour shortage.’ ‘The cost of capital has risen from zero to about 1%. One per cent doesn’t sound like much, but when you have a marginal business and suddenly have to pay for something previously free, you come under a lot of pressure.’ As a result, foreign firms may have an opening to break the tight customer-supplier relationships in Japan. ‘The traditional supplier-customer relationship was hard to break into in Japan. However, smaller companies in traditional relationships won’t be able to sustain those relationships with their rising labour and capital costs. It’s a good time for foreign firms to come along and say, “We’ve got a solution.” It gives you a way to get in.’ Deepen your understanding & explore the implications for business and strategy.Log in for reports that capture business insights from recent Forum briefings.Join your peers at upcoming Forum events. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Japan: Back on the Radar May 8, 2025/No Comments Japan: Back on the Radar May 8, 2025 Japan is looking positive. ‘There is a surge in consumption; people are… Read More Asia’s Geopolitical Balancing Act August 13, 2024/ Asia’s Geopolitical Balancing Act August 13, 2024 As rising geopolitical tensions – notably China versus the US, and Russia versus… Read More

Asia Pacific, Geopolitics

Asia’s Geopolitical Balancing Act

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Asia’s Geopolitical Balancing Act August 13, 2024 As rising geopolitical tensions – notably China versus the US, and Russia versus the West – reshape global trade and investment flows, much of Asia is seeking a middle ground that enables continued growth.  The latest data shows this shift is benefiting Southeast Asia and India, which have become key destinations for companies offshoring production from China (alongside Mexico). This dynamic is also influencing the overseas expansion strategies of Korean, Taiwanese, and Japanese firms as they look to reduce supply chain risk by establishing new facilities in key markets or more cost-effective locations—India stands out on both fronts. Similarly, Chinese firms are also moving offshore to retain access to Western markets.  Deepen your understanding & explore the implications for business and strategy in our latest Asia Brief. Log In to access our latest reports. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asia’s Geopolitical Balancing Act August 13, 2024/ Asia’s Geopolitical Balancing Act August 13, 2024 As rising geopolitical tensions – notably China versus the US, and Russia versus… Read More

Asia Pacific, Leadership, Team-Building

Asia Talent: Reaching the Top

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Asia Talent: Reaching the Top August 7, 2024 It has long been recognised that working in a challenging environment helps build leadership skills. The difficult business environment in many Asian countries has helped hone the management capabilities of executives in Asia. ‘Ambition and agility are more pronounced among staff from countries with greater volatility and change, such as Malaysia, but less so in Singapore because of its compliance culture and sense of entitlement.’ MNCs increasingly value the experience and skills of their senior Asian executives. ‘One of the biggest strengths of Asian leaders is resilience and their ability to work creatively in an environment of ambiguity and uncertainty.’ However, filling global positions with executives from Asia is easier said than done. Two factors have played against this development: While the Asia talent pool is much larger than 20 years ago, the demand for that talent is even greater. Talent shortages persist across the region. Executives close to headquarters (both physically and culturally) fill the global jobs of many MNCs and are often reluctant to cede global positions to executives who work far from headquarters. Even when there is a recognition that more Asian executives are required in global jobs, the demands of the Asia business and resistance from headquarters can remain strong. ‘We have a long-term need for talent from Asia (especially China) at the top, so we are looking for globally mobile talent in Asia. But getting US and European leaders off the stage is hard.‘ The first step to a global role is often a posting within Asia. ‘We are reinstating our pre-Covid policy of rotating younger employees to different locations in APAC. While some employees are more reluctant to relocate than in the past, we still have talented “mavericks” who will be leaders in the future.’ … but not just anywhere in Asia. ‘Sending employees to Singapore from Australia is like moving people from Sydney to Melbourne. They will get a lot more out of working in Hong Kong, Malaysia or Thailand – places that are more complicated and perhaps not as comfortable as Singapore. If you’re successful in Singapore, there’s no guarantee that you will be successful somewhere else in Asia.’ A globally planned approach to career progression can reap rewards. ‘We advertise all key roles internally. This leads to a two-way street, with HQ people coming to Asia and Southeast Asia leaders going to HQ. The result is a great cross-country experience for the team. The Asia leadership act as career consultants to our team members. This helps retain team members and preserve the culture and customer knowledge.’ A global role is not necessarily the end goal of career progression; often, it is a prerequisite to leadership positions in Asia. ‘We develop high-potential leaders in Asia and then give them a global role – three years in Europe or the US. This provides them with the experience they need to play leading roles in Asia. This is where we’ll get the next Asia CEO.’ Deepen your understanding & explore the implications for business and strategy in our latest Asia Brief. Log In to access our latest reports. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Bridging the Protectionist Gap in China August 22, 2024/ Bridging the Protectionist Gap in China August 22, 2024 Signs of rising protectionism amidst the country’s push for self-sufficiency are… Read More Japan: Back on the Radar August 21, 2024/ Japan: Back on the Radar May 8, 2025 Japan is looking positive. ‘There is a surge in consumption; people are… Read More Asia’s Geopolitical Balancing Act August 13, 2024/ Asia’s Geopolitical Balancing Act August 13, 2024 As rising geopolitical tensions – notably China versus the US, and Russia versus… Read More Load More End of Content.

Asean, Asia Pacific, Market

Is India the New China +1?

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Is India the New China +1? June 26, 2024 India is attracting interest as investors’ eyes shift away from China and Vietnam. ‘Only the most attractive destinations are attracting attention from investors. In Asia, that’s India. My old firm began in China 25 years ago and it was only China until 10 years ago. Now, they’ve laid off half the China team and doubled the India team.’ India’s manufacturing sector is growing, with a blue-collar boom and white-collar recession. ‘For the first time in India, which is predominantly a service economy, you’re seeing a slowdown in services and growth in manufacturing, thanks to Modi’s “Made in India” and “China Plus One.”’ Why it matters: Investments in manufacturing are surging. ‘India is one of our fastest-growing markets. We’re looking to double down. Our CEO is now looking at moving more global roles into this part of the world.’ By the numbers: Small and medium-sized enterprises (SMEs) are the fastest growing sector, contributing 34% of India’s total manufacturing and 130 million jobs. ‘SMEs are India’s engine of growth. Obviously, there are challenges, but this segment is our biggest goldmine.’ Yes, but India will not replace China. ‘For the past 15 years, I have been hearing that India would be the next big thing, but this time it might be true. However, it is not the next China; there is only one China.’ Government regulations and lack of clarity on investment policies often make shifting operations from China to India hard. ‘While there are a lot of “eye-opening” opportunities, the restrictions are “eye-watering”. We spent two years just to incorporate an office.’ India’s consumer market has been an enigma for MNCs for decades. Not everyone has the skill or the stamina for it, but those who do can reap rich rewards. Our latest report, Ten Insights on India Consumer Markets, reveals what it takes to succeed in this highly competitive market. Dive deeper. Deepen your understanding & explore the implications for business and strategy in our latest Asia Brief. Log In to access our latest reports. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Geopolitics Japan Leadership Market Strategy Team-Building Bridging the Protectionist Gap in China August 22, 2024/ Bridging the Protectionist Gap in China August 22, 2024 Signs of rising protectionism amidst the country’s push for self-sufficiency are… Read More Japan: Back on the Radar August 21, 2024/ Japan: Back on the Radar May 8, 2025 Japan is looking positive. ‘There is a surge in consumption; people are… Read More Asia’s Geopolitical Balancing Act August 13, 2024/ Asia’s Geopolitical Balancing Act August 13, 2024 As rising geopolitical tensions – notably China versus the US, and Russia versus… Read More Load More End of Content.

Asean, Asia Pacific, Market, Strategy

AI: A Regulatory Rubik’s Cube in Asia

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AI: A Regulatory Rubik’s Cube in Asia June 20, 2024 Governments across Asia are setting the foundation for AI governance. ‘ASEAN is coming out with a digital economy framework. They also have gone into digital partnerships with individual countries.’ Singapore stands out in its approach to AI. ‘Singapore took the lead in creating a foundational framework for ASEAN data management. They built a structure and developed the first generative AI governance framework globally. This is fantastic for our strategic deployment of AI.’ Go deeper: Each country is moving in a different direction. ‘We see a fragmented approach to creating an AI ecosystem in Asia. Each country is going its own way.’ ‘India feels that any new AI regulations or control would adversely impact their IT workforce. Korea will regulate AI at least on high-risk countries. Japan will not come out with a strategy or even regulate AI. On the other hand, Thailand is working on a law governing AI.’ Divergent approaches across Asia may mirror what happened with data privacy laws. ‘The EU created the GDPR, becoming the reference law for all Asian countries. But what each country finally implemented was something totally different from GDPR.’ The EU has created the AI Act, and each Asian country may try to convert it into something local. ‘When you localise, you end up having different regulations in each country. That’s the biggest challenge we have from a compliance perspective.’ The bottom line: Fragmentation may slow AI’s implementation across Asia. ‘AI is the next productivity improvement frontier. But the largest challenge is the fragmented approach to AI.’ Deepen your understanding & explore the implications for business and strategy in our latest Asia Brief. Log In to access our latest reports. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Geopolitics Japan Leadership Market Strategy Team-Building Bridging the Protectionist Gap in China August 22, 2024/ Bridging the Protectionist Gap in China August 22, 2024 Signs of rising protectionism amidst the country’s push for self-sufficiency are… Read More Japan: Back on the Radar August 21, 2024/ Japan: Back on the Radar May 8, 2025 Japan is looking positive. ‘There is a surge in consumption; people are… Read More Asia’s Geopolitical Balancing Act August 13, 2024/ Asia’s Geopolitical Balancing Act August 13, 2024 As rising geopolitical tensions – notably China versus the US, and Russia versus… Read More Load More End of Content.

Asean, Market, Strategy

Is Vietnam Losing its Lustre?

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Is Vietnam Losing its Lustre? May 12, 2025 China’s personal data controls, supply chain challenges, and the decoupling of US companies kicked off the idea of China Plus One. Vietnam holds pride of place as Asia’s number one preferred alternative to China. But moving to a ‘plus one’ has not been that easy. ‘Moving some operations out of China is part of our global resiliency strategy. But, it’s been a struggle when we try to pick up our shop and move it elsewhere. We are finding that it’s not as easy as we had thought. China has a very well-oiled machine.’ Vietnam may have reached its limits as skilled talent has become scarce. ‘There is a talent shortage in Vietnam. A big company comes in and sucks up all the engineers, so there isn’t much left for anyone else.’ Corruption allegations, tangled regulations, and infrastructure under pressure from high growth are damaging Vietnam’s reputation as China’s Plus One. ‘Vietnam is one country which keeps me awake at night. Every day they announce something new. The worst part is that there is no consultation before new regulations come out.’ Yes, but… ‘Our view of Vietnam is positive. They’ve just reached a point where they grew too fast, but it has inherent strengths in its economy. Challenges related to the infrastructure and bureaucracy are much easier to handle in Vietnam than in India or Indonesia.’ What’s next: Is Vietnam Ready for Business? will be a topic of discussion at our upcoming Strategy Evening, April 17. Contact us to learn more. Deepen your understanding & explore the implications for business and strategy in our latest Asia Brief. Log In to access our latest reports. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Geopolitics Japan Leadership Market Strategy Team-Building Is Vietnam Losing its Lustre? May 12, 2025/No CommentsRead More Bridging the Protectionist Gap in China August 22, 2024/ Bridging the Protectionist Gap in China August 22, 2024 Signs of rising protectionism amidst the country’s push for self-sufficiency are… Read More Japan: Back on the Radar August 21, 2024/ Japan: Back on the Radar May 8, 2025 Japan is looking positive. ‘There is a surge in consumption; people are… Read More Load More End of Content.

Asia Pacific, China, Geopolitics, Strategy

Global Trade Dynamics: A New Era for MNC Strategy

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Global Trade Dynamics: A New Era for MNC Strategy May 21, 2025 ‘I predict 2024 will be the year of global China. Our headquarters will discover that Chinese competition is going global at a breakneck pace. The amount of Chinese investment in Monterrey (Mexico) is tremendous. But it’s also happening in Serbia, Egypt, and Morocco.’ ‘Because of geopolitical tensions, China will increase its presence in middle-income economies where it can leverage its cost advantage and continue to expand.’   ‘Overseas sales as a proportion of Chinese companies’ revenues are still relatively low even though they started going overseas 20 years ago. What’s different is that the Chinese market is growing slower at 4% to 5%, not 8% or more, so they must find new markets.’ ‘The board wants us to reduce exposure and buy at the lowest cost. Every quarter, the procurement team must justify our China exposure; if they can’t defend it, they must offer an alternative plan. Inflation is increasing costs outside of China, while supply chain transparency laws in Europe and the US increase the complexity of the procurement officer’s job.’ ‘We must closely monitor the proliferation of non-market barriers – tariffs and sanctions. In the last five years, the number of tariffs jumped from 650 to 3,000, courtesy of the United States. China has been restrained but has the infrastructure to catch up should it hit back.’ A global reconfiguration of trade is underway, with China pulling away from traditional trading partners and forging closer ties with mid-sized economies and strategic allies. This pivot towards regions like North Africa, Southeast Asia, Eastern Europe, and Mexico is catching the attention of business leaders in Asia Pacific. CEOs must strategically and proactively adapt to this shift, as the altered trade patterns from China present a blend of both challenges and possibilities for MNCs in the region. Deepen your understanding & explore the implications for corporate strategy.Log in for the full Forum Insight. Join your peers at upcoming Forum events. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Geopolitics Japan Leadership Market Strategy Team-Building Global Trade Dynamics: A New Era for MNC Strategy May 21, 2025/No Comments Global Trade Dynamics: A New Era for MNC Strategy May 21, 2025 ‘I predict 2024 will be the year of… Read More Mastering the Boardroom: Unlocking Asia’s Market Potential May 20, 2025/No Comments Mastering the Boardroom: Unlocking Asia’s Market Potential May 20, 2025 Diverse challenges, from digitalization to regulation, are preoccupying boards of… Read More Hong Kong: Comeback or Decline? May 20, 2025/No Comments Hong Kong: Comeback or Decline? May 20, 2025 Hong Kong’s new National Security Law has raised fears that the city… Read More Load More End of Content.

Asia Pacific, Geopolitics, Leadership

Mastering the Boardroom: Unlocking Asia’s Market Potential

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Mastering the Boardroom: Unlocking Asia’s Market Potential May 20, 2025 Diverse challenges, from digitalization to regulation, are preoccupying boards of directors. Asia is not getting the attention it did in the past.Geopolitics has also led to boards paying less attention to Asia, particularly China. Some US firms have even banned travel to China for top execs and board members. ‘I’m worried that our board’s knowledge of Asia is slipping. ‘ The Asia CEO’s role is critical to bridging the gap between HQ and the region. ‘As an American who’s worked both at headquarters and in Asia, it’s a constant battle balancing whatever our people in the US see on Fox News versus what it means to really do business here.’ Why it matters: A board’s lack of attention, lower awareness, and misperceived notions can lead to slower decision-making and resistance to further investments in the region. Outsiders can play a critical role in educating board members about what is happening in Asia. ‘We’re thinking of ways to rebuild Asia insights at the top of the company. This might include regular board briefings by specialist outsiders, either ad hoc or organized into an advisory board.’ But hiring an ‘Asia insider’ has its drawbacks. ‘In the last 20 years, boards would appoint an Asian insider, often with good connections to the local elite. Too often, the insiders were isolated from the rest of the board discussion.’ An advisor with hands-on experience running an MNC’s Asia operations may provide more relevant insights. ‘Today, it might be better to seek a top executive running Asia for a global MNC or one of the big regional firms. This can bring more insights into the rapid evolution of strategy and tactics, which is applicable to every market, not just Asia.’ Some firms have given up. They have found that greater autonomy for Asia helps address the knowledge gap. ‘We have tried to explain what goes on in Asia to headquarters and they have also tried to understand what happens. Now, both sides are giving up. They now say, “I’m okay if you go ahead with the way you want so long as you report back to me what has been done.”’ Deepen your understanding & explore the implications for business and strategy in our latest Asia Brief. Log In to access our latest reports. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Geopolitics Japan Leadership Market Strategy Team-Building Mastering the Boardroom: Unlocking Asia’s Market Potential May 20, 2025/No CommentsRead More Hong Kong: Comeback or Decline? May 20, 2025/No Comments Hong Kong: Comeback or Decline? May 20, 2025 Hong Kong’s new National Security Law has raised fears that the city… Read More Bridging the Protectionist Gap in China August 22, 2024/ Bridging the Protectionist Gap in China August 22, 2024 Signs of rising protectionism amidst the country’s push for self-sufficiency are… Read More Load More End of Content.

Asia Pacific, China, Geopolitics, Strategy

Executive Insights on Geopolitical Risks in Asia

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Executive Insights on Geopolitical Risks in Asia May 21, 2025 As the prospect of a potential “Trump 2” presidency looms, bringing with it uncertainty over global trade and geopolitics, the Asia CEO Forum has cast an invaluable light on the situation in Asia. Conversations with 30 regional CEOs last month highlighted a notable contrast in risk perceptions across the continent, with North Asia, because of China and North Korea, perceived as more volatile compared to the relatively stable political environments of Southeast Asia and India, where political risk was seen as acceptable. That also seems to be the working assumption at global HQ as new markets are sought to offset weaker China growth. These discussions offer a direct glimpse into the challenges and opportunities at the forefront of Asia’s business landscape, as reported by those leading companies and teams in the region. Deepen your understanding & explore the implications for business and strategy.Log in for our latest Asia Pacific Executive Brief and other Market Insights. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Geopolitics Japan Leadership Market Strategy Team-Building Executive Insights on Geopolitical Risks in Asia May 21, 2025/No CommentsRead More Global Trade Dynamics: A New Era for MNC Strategy May 21, 2025/No Comments Global Trade Dynamics: A New Era for MNC Strategy May 21, 2025 ‘I predict 2024 will be the year of… Read More Mastering the Boardroom: Unlocking Asia’s Market Potential May 20, 2025/No Comments Mastering the Boardroom: Unlocking Asia’s Market Potential May 20, 2025 Diverse challenges, from digitalization to regulation, are preoccupying boards of… Read More Load More End of Content.

Asia Pacific, China, Forecast

Executive Insights on Asia’s Growth Outlook

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Executive Insights on Asia’s Growth Outlook May 21, 2025 ‘Southeast Asia seems to be the exception to the gloomy global outlook. How disconnected are we from the global outlook, and for how long?’ ‘One reason for high growth in China is that many companies had a slow start in 2023. So, 2024 is in comparison to the weak, flat result at the start of 2023 due to COVID.’ ‘China being so huge and Southeast Asia and India being relatively small, factory diversification and Chinese foreign investment can have an exponential impact on the growth of these countries.’ ‘Our biggest concern in China is consumer confidence. The real estate and stock markets are impacting people. People in China can only invest in real estate and stocks; both are down.’ Southeast Asia and India stand out as bright spots for business, despite broader uncertainties in their key export markets. In China, despite concerns over real estate and stock markets, there has been an uptick in consumer spending, albeit from a low base following a sluggish 2023. The investment landscape is also evolving, with Chinese firms expanding their manufacturing overseas to extend their global reach while MNCs are building factories in Southeast Asia, India, and Mexico to reduce their reliance on China. Dive deeper.Log in for the full Forum Insight. Join the peer-group discussion at upcoming Forum events. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Forecast Geopolitics Japan Leadership Market Strategy Team-Building Executive Insights on Asia’s Growth Outlook May 21, 2025/No Comments Executive Insights on Asia’s Growth Outlook May 21, 2025 ‘Southeast Asia seems to be the exception to the gloomy global… Read More Executive Insights on Geopolitical Risks in Asia May 21, 2025/No Comments Executive Insights on Geopolitical Risks in Asia May 21, 2025 As the prospect of a potential “Trump 2” presidency looms,… Read More Global Trade Dynamics: A New Era for MNC Strategy May 21, 2025/No Comments Global Trade Dynamics: A New Era for MNC Strategy May 21, 2025 ‘I predict 2024 will be the year of… Read More Load More End of Content.

Asean, Market, Strategy

Indonesia’s Promise: CEOs are confident but cautious

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Indonesia’s Promise: CEOs are confident but cautious May 21, 2025 ‘So long as they maintain political stability and reasonably good government, Indonesia will get money for investment. They’ve got consumers who want more of everything.’ ‘Prabowo will win, which wouldn’t necessarily be bad for business.’ ‘The government has a big bet on downstreaming minerals into manufacturing. It won’t work unless they clear up all the other problems that go on in manufacturing.’   Chinese investment fueled a 27% jump in FDI into Indonesia last year, and per capita income is on track to soon reach middle-income country status of US$7,000 – when demand for consumer products takes off. However, shadows remain on the economic outlook tied to uncertainties surrounding the upcoming elections, persistent corruption, and problematic industrial policies. Dive deeper.Explore the implications for business and strategy. Log in for the full Forum Insight. Join the peer-group discussion at upcoming Forum events. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Forecast Geopolitics Japan Leadership Market Strategy Team-Building Indonesia’s Promise: CEOs are confident but cautious May 21, 2025/No CommentsRead More Executive Insights on Asia’s Growth Outlook May 21, 2025/No Comments Executive Insights on Asia’s Growth Outlook May 21, 2025 ‘Southeast Asia seems to be the exception to the gloomy global… Read More Executive Insights on Geopolitical Risks in Asia May 21, 2025/No Comments Executive Insights on Geopolitical Risks in Asia May 21, 2025 As the prospect of a potential “Trump 2” presidency looms,… Read More Load More End of Content.

China, Market, Strategy

China Champions to the Rescue: a Boost for MNCs

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China Champions to the Rescue: a Boost for MNCs January 21, 2024 ‘We had a great year because we were connected to China champions many of which are growing 50% year-on-year.’ ‘Twenty-five percent of our customers were Chinese firms going out. Without them we would have been toast, but we had our best year ever. This completely surprised my board.’ ‘I just reviewed the client lists with our sales team. Our success depends on choosing the right clients. A losing client will keep cutting costs. But a fast-growing brand will keep us busy.’ ‘My customers are going to the global south: the Middle East, Africa, Southeast Asia. They go to countries not on the radar of US firms.’ ‘2024 is very hard to map out. It could go up or down. It all depends on how our customers, especially the China Champions, fare.’ Chinese champions have expanded into new foreign markets and pushed into lower-tier Chinese cities once overlooked by big brands. This pivot not only helped some MNCs achieve record years but also highlighted the value, if not imperative, of aligning with fast-growth Chinese firms. This lifeline, especially for companies experiencing a slow down in more traditional markets, is prompting a shift in how MNCs view growth, innovation, and competition in the evolving Chinese market. Dive deeper.Explore the implications for business and strategy. Log in for the full Forum Insight. Join the peer-group discussion at upcoming Forum events. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Forecast Geopolitics Japan Leadership Market Strategy Team-Building Executive Insights on China’s Sales Outlook May 21, 2025/No Comments Executive Insights on China’s Sales Outlook May 21, 2025 Our quarterly China Survey compiles insights from our members to provide… Read More Indonesia’s Promise: CEOs are confident but cautious May 21, 2025/No Comments Indonesia’s Promise: CEOs are confident but cautious May 21, 2025 ‘So long as they maintain political stability and reasonably good… Read More Executive Insights on Asia’s Growth Outlook May 21, 2025/No Comments Executive Insights on Asia’s Growth Outlook May 21, 2025 ‘Southeast Asia seems to be the exception to the gloomy global… Read More Load More End of Content.

China, Forecast, Market

Executive Insights on China’s Sales Outlook

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Executive Insights on China’s Sales Outlook May 21, 2025 Our quarterly China Survey compiles insights from our members to provide invaluable benchmarking data to more than 1,500 executives across Asia Pacific. At the start of 2024, 84% of those surveyed anticipated improved sales compared to the previous year, and 73% expected higher profits. Reflecting on Q4 2023, 78% reported that ‘weak demand’ and 73% identified ‘local competition’ as critical factors that hurt profitability. Dive deeper.Log in for the latest China Survey and other Forum Insights. Join the peer-group discussion at upcoming Forum events. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Forecast Geopolitics Japan Leadership Market Strategy Team-Building Executive Insights on China’s Sales Outlook May 21, 2025/No CommentsRead More Indonesia’s Promise: CEOs are confident but cautious May 21, 2025/No Comments Indonesia’s Promise: CEOs are confident but cautious May 21, 2025 ‘So long as they maintain political stability and reasonably good… Read More Executive Insights on Asia’s Growth Outlook May 21, 2025/No Comments Executive Insights on Asia’s Growth Outlook May 21, 2025 ‘Southeast Asia seems to be the exception to the gloomy global… Read More Load More End of Content.

China, Forecast, Market, Strategy

Is China Still Profitable?

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Is China Still Profitable? October 28, 2023 In our Nov’23 forecast update in Shanghai our forum members will exchange views on profits and strategy for 2024. We support over 1,500 top executives in China and Asia Pacific, with regular debates on how to best build businesses in China. Contact us if you’d like to join sessions in Shanghai or our online debates. Our Q4’23 China forums survey finds 37% of MNCs expect 2023 profits to match or better 2022 Deepen your understanding & explore the implications for business and strategy in our latest Asia Brief. Log In to access our latest reports. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Forecast Geopolitics Japan Leadership Market Strategy Team-Building Executive Insights on China’s Sales Outlook May 21, 2025/No Comments Executive Insights on China’s Sales Outlook May 21, 2025 Our quarterly China Survey compiles insights from our members to provide… Read More Indonesia’s Promise: CEOs are confident but cautious May 21, 2025/No Comments Indonesia’s Promise: CEOs are confident but cautious May 21, 2025 ‘So long as they maintain political stability and reasonably good… Read More Executive Insights on Asia’s Growth Outlook May 21, 2025/No Comments Executive Insights on Asia’s Growth Outlook May 21, 2025 ‘Southeast Asia seems to be the exception to the gloomy global… Read More Load More End of Content.

China, Leadership, Market, Strategy

What’s Worrying MNC Executives in China in October?

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What’s Worrying MNC Executives in China in October? October 20, 2023 ‘I serve on several global boards – nobody is saying, should we be in or out of China. The conversation is how to succeed in China given the changes. What do we need to do? Do we change the product or the cost base?’ ‘There is no pattern recognition because nobody has seen a real downturn before. It’s a risk that people talk themselves into making it worse.’ We have some 200 of China’s top MNC executives debating how best to build businesses in China. Contact us if you’d like to join sessions in Shanghai or our online debates.Log In to access our latest reports. LOG IN Not yet a member?Contact us to learn more. You might also find these insights valuable Asean Asia Pacific China Forecast Geopolitics Japan Leadership Market Strategy Team-Building Executive Insights on China’s Sales Outlook May 21, 2025/No Comments Executive Insights on China’s Sales Outlook May 21, 2025 Our quarterly China Survey compiles insights from our members to provide… Read More Indonesia’s Promise: CEOs are confident but cautious May 21, 2025/No Comments Indonesia’s Promise: CEOs are confident but cautious May 21, 2025 ‘So long as they maintain political stability and reasonably good… Read More Executive Insights on Asia’s Growth Outlook May 21, 2025/No Comments Executive Insights on Asia’s Growth Outlook May 21, 2025 ‘Southeast Asia seems to be the exception to the gloomy global… Read More Load More End of Content.

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