Investment opportunities in China continue to brighten as we enter 2004. The country has come a long way from the days when equity capital invested in China was at risk of falling through a "black hole" from which recovery was doubtful and legal recourse was generally unavailable.
In 2004, we are likely to see improvements in the following areas:
China will enhance its accounting standards to keep abreast with economic growth and the expectations of the international business community. We may see up to 20 new standards in 2004 along with two new laws and two regulations aligning China's accounting and reporting practices with global standards. All "State-Owned Enterprises" (SOE's) must be fully compliant with all standards by 2005. The pool of well-trained accountants and financial managers, however, is still relatively small.
Taxation in China still lacks consistency between provinces and geographical manufacturing centers. There is, however, a move to make new taxation measures follow an income model rather than follow methods such as processing fees, or in some cases, R&D investment.
With 30 years of marketing, operational, and general management experience, Peter Crawford-Taylor is well-placed to identify the best strategies and use of assets for profitable business development. He is highly skilled in marketing, economics, pricing, sales management processes, and CRM models. He brings to Executive Solutions the intellect and rigor to resolve complex business situations.
Crawford-Taylor gained his expertise working in global companies as well as in a variety of early-stage and mid-market businesses. He believes strongly in the benefits of embedding key, blue-chip concepts and rigorous processes into the consciousness and capabilities of companies.
Immediately prior to joining Executive Solutions, Crawford-Taylor headed a marketing services company and led a number of business development projects both in the U.K. and abroad, focusing on the establishment of sound commercial practices, target marketing, and the acquisition and development of effective distribution channels. During 2000-2001, he negotiated the restructuring of a Sino-British joint venture in Beijing and led the launch of a multi-channel reservation system and distribution network much needed by China's burgeoning travel and tourist industries.
China's plastics manufacturing industry continues to grow at rates three to five percent higher than overall GDP. Exports were up dramatically again in 2003, with the third quarter up 17.4 percent over the same period last year. Provinces hosting major plastics' investments continue to be Canton, Jzhijuong, Joungsu, and Fujian, producing over 60 percent of total industry production.
Plastics' consumption is most prevalent in the container and packaging area (22 percent of production), agricultural applications (19 percent), medical (18 percent), and building materials (16 percent). Expect the automotive industry consumption of plastics to rise rapidly as units produced expand. Executive Solutions has economic data on other available industries, should you require it.
Executive Solutions can offer you sound advice in areas such as:
- Due diligence and negotiation assistance in China.
- Transfer pricing strategies.
- Business fraud practices.
- Internal control in China.
- Treasury management in China.
- M&A in China, including finding the right partner.
