《经济学人》跨国公司在中国-2PPT模板|《经济学人》跨国公司在中国-2PPT模版(幻灯片模板|Powerpoint模板)

Key points for 2004-05
World growth fantastic
best for 20 years in 2004
developed and emerging markets surging ahead
Exceptional times cannot last
tipping point may have already passed
international liquidity is tightening
coping with the transition
global policy tightening
will slow world growth
Slowdown likely, but risks of worse
United States outlook
Recent performance stunning
more to come in the year ahead
But policy stimulus being withdrawn
strong momentum, but balance sheets?
Restraining factors
debts are high, spare capacity, assets prices vulnerable, external deficit
2004 are great, but business conditions tougher in 2005-06?
Japan
Domestic economy is restructuring
under cover of export led growth
But needs more time
SME weakness, overcapacity, no pricing power
cannot yet offset export slowdown
Export deceleration will stall reform
still a long way to go before domestic recovery in place
Euro zone outlook
Only a sluggish recovery
exports
but the euro
restocking, capex
business subdued
consumers
jobs, pensions
Policy boost?
debt levels
pension fears
Reform efforts?
The emerging world
Benefiting from OECD pickup
import demand surging
Selling into other emerging markets
regional trade dynamics
But risk appetite has fallen sharply
past 18mths were extraordinary
but investors now leaving
spreads rising

Key points for 2004-05
World growth fantastic
China is 6th largest economy at market prices, 2nd at PPP, growing at 9%
Exceptional times cannot last
Chinese policy tightening impacts domestically and also elsewhere
Commodities, trade
Slowdown likely, but risks of worse
Soft landings are hard to engineer
some investors will be hurt
The business response—FDI
EIU survey of 500 business executives’ foreign direct investment strategies
China the key focus
New consumer markets, low-cost labour, new business markets
India the challenger
Skilled labour, R%26amp;D, outsourcing
US %26amp; eurozone dominate ‘operating criteria’
Supply chain efficiencies, acquisitions

The business experience
Gap between expectations and reality
China is not an easy business environment
Regulation, competition, local protection, legal framework, infrastructure, skill levels
Macroeconomic stability not assured
Irrational exuberance
Foreign and domestic
But long term potential is enormous
China FDI forecasts
China will attract US$67bn per year of FDI in 2004-08
Second only to the US
FDI will fund 7% of total Chinese investment
China’s share of world exports to rise to 10%
Improvements in operating environment should allow enhanced profitability