The Chamber’s report outlines three key challenges facing business in China based on a survey of members.
Productivity and Efficiencies: As competition from native businesses grows and the economy slows to more realistic, long term growth patterns, the pressure to increase profit will come more and more from increased productivity.
Breakthrough Innovation: Another area on which growth will depend is innovation in business models, products and services. Focusing on these aspects of business will help maintain market leadership.
Compliance: Companies are preparing for a tighter regulatory environment coming from the Chinese government. Fraud and corruption are getting increased attention from authorities. As a result companies are intending to spend more capitol on government affairs and stakeholder management.
Source: AMCHAM, American Chamber of Commerce in Shanghai, 2015 China Business Report