US Business Execs in China Indicate Positive Growth

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Length 22:29
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This China Business Podcast interview with Technomic Asia Managing Director Steve Ganster gets into the highlights of the AmCham Shangahi survey of more than 300 US business executives in China and their perspective of the current and future economic landscape .

Todays headlines of the economy turning the corner echoed what US business executives told Technomic Asia researchers in a survey released in January of this year. Ganster gets into some of the details why 2010 was a rebounding year in China, but perhaps more importantly looks at some of the future challenges for businesses in China as this economy continues to mature.

These details include finding qualified labor in China, regulatory issues by the Chinese government, and indigenous innovation. However, Ganster is quick to point out that these are not new issues and the reality is for many businesses that China must be part of any growth strategy.

We also get into how US electronics retailer Best Buy has learned lessons in China and is making significant adjustments to deal with both their mistakes and changing opportunities in China including an expansion of its acqusition of domestic Five Star brand on the heels of their retrenchment of the Best Buy operations.

What are your prospects for business in China, growing, changing, or are you not participating in China?


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