Powered by MOMENTUM MEDIA
subscribe to our newsletter
Mid-size businesses to benefit from China trade

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.

“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

Pricing for mortgages is “opaque” and the cost and effort needed to search for discounts is “unnecessarily high”, the ACCC’s Resid...

The downward trend in home loan approvals reversed in October, but the spike is set to be short-lived, according to analysts. ...

The Customer-Owned Banking Association has welcomed the Coalition government’s joint party-room approval of legislation designed to reduc...

FROM THE WEB
podcast

LATEST PODCAST: Changing faces and bank growth slowdown

Is enough being done to ensure responsible lending?