Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Mid-size businesses to benefit from China trade

Mid-sized businesses are set to become the big winners of the FTA with China.

Global professional services group Grant Thornton said mid-sized businesses known for their agility, adaptability and capacity to build long-term trusted relationships will be critical for Chinese trade.

Greg Keith, Grant Thornton managing partner and former Chinese partner, believes the characteristics of Australian mid-size businesses will aid in overcoming the challenges of entering new markets in China.

Advertisement
Advertisement

“Mid-sized businesses turning their mind to China will be challenged by complex rules surrounding profit repatriation, legal structure, business etiquette, language and culture,” Mr Keith said.

“However, the unique advantage for Australian mid-sized businesses is that Chinese businesses greatly value relationships with business owners who they know have authority, are agile and committed to long-term relationships,” he said.

These sentiments were echoed by Grant Thornton China chief executive Xu Hua.

“Chinese consumers and investors are increasingly looking towards Australia as a business partner,” Mr Hua said.

“Those businesses which are prepared to invest their time to develop trusted relationships first will benefit most in the longer term,” he said.

Mr Keith stressed that mid-size businesses looking to accelerate local growth plans are best placed to capitalise on inbound investment opportunity.

“Chinese investors prefer to deal with business owners with whom they can build long-term, trusted relationships which are consistent with Australian mid-size businesses,” he said.

Mid-size businesses to benefit from China trade
mortgagebusiness

 

Latest News

The debate surrounding the efficacy of stamp duty has resurfaced, with the NSW government launching a new review into its revenue system.  ...

A credit union has released its results for the 2019 financial year, reporting 2.5 times system lending growth. ...

Sydney’s property market could stay strong until Christmas, as buyers experience the fear of missing out, according to Raine & Horne...

FROM THE WEB
podcast

LATEST PODCAST: Transparency around rate cuts

Do you think the mortgage market will see more consolidation this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.