Preface 1
China – A Resilient and More Open Economy 3
China Made a Profound Impression on the FG500 List8
China Government Pledges to Improve the Investment Environment 10
Industry Overview 13
Industry Segmentation 22
Industry Contacts 51
Implications for Setting up Business in China 53
Regional Snapshots62
Office Contacts79
Introduction to Global Chinese Services Group 80
Global Chinese Services Group Core Team 84
ContentsPreface
China Factors - A guide for investing in China| Preface
Being the second largest economy in the
world, China’s economy has been transforming
from high-speed to high-quality growth. The
consumption-driven economy features its
immense market with robust demand. As
China is celebrating the 40th anniversary of
economic reforms, China’s opening-up has
entered a new era with a master plan for the
economy to transform into a top innovative
nation and a moderately prosperous society
while mitigating rising global protectionism.
China’s economy has been resilient. In 2017,
the economy grew by 6.9% – for the frst
time in seven years the pace of growth has
picked up. According to the National Bureau
of Statistics (NBS), GDP growth in the frst
quarter of 2018 was 6.8%, and IMF has
estimated a 6.5% growth rate for China’s
economy in 2018. China’s consumption
upgrading, as well as improved labour force
quality, will continue to draw increasing
amount of foreign investment.
Innovation and industrial upgrading have
become the new growth engines for the
Chinese economy. The Government has
made abiding commitment to fostering an
innovative environment that is conducive
to the development of technologies so that
manufacturers could move up the value chain.
With the major themes of future development
focusing on innovation, opening-up, people’s
livelihood and environmental friendliness,
China Government has pledged to open the
doors wider by largely lowering the entry
barrier to foster a world-class business
environment. For example, the market access
to general manufacturing, fnancial services,
telecommunications, medical services, auto,
and new energy vehicles will be expanded.
Overseas investors will be granted tax deferral
for the reinvestment of proft made in China.
Procedures for setting up foreign-invested
enterprises will be simplifed.
The 2018 China inbound investment
brochure delves deeper into the local market
landscape, analysing key proponents and
industries that ofer lucrative opportunities
for foreign investment. With more than
13,000 people in 22 ofces across the
Chinese Mainland, Hong Kong, Macau
and Mongolia, serving more than 800
multinational companies and their afliated
companies on the Chinese mainland,
Deloitte is uniquely qualifed to support
your investment decisions with a full range
of audit & assurance, consulting, fnancial
advisory, risk management and tax services.
We work closely within Greater China, across
Asia-Pacifc and around the world to provide
clients of every size with local experience and
international expertise. We hope this piece of
thoughtware serves as a useful guide to make
your next bold move in China.。