At the Deloitte Global Forum today, Government officials and business leaders gathered to discuss future opportunities for domestic and foreign investors in China in terms of trade, talent management, and competitiveness, as China heads for a more mature and sustainable economic environment.
The focus of the forum was on achieving fair and stronger competition in China, and tackling the shortage of skilled workers, two areas identified as needing attention, if business is to take the next quantum leap and help China realize its full potential.
“It has been five years since China’s entry into the WTO and the Chinese economy has never been connected so closely with the world economy," Long Yongtu, Secretary General of BOAO Forum for Asia, and former Vice Minister of Foreign Trade and Economic Cooperation of the People’s Republic of China, said at the Deloitte Global Forum. The Forum is part of a series of focused, knowledge-sharing events, held all around the world by Deloitte Touche Tohmatsu to address some of the critical issues facing global companies.
According to Mr. Long, the Chinese government attaches great importance to offering fair competition and equal protection for both domestic and international businesses and this must continue as China strengthens its economy, and financial influence around the world. “The Unification of Enterprises Income Tax Law, which was endorsed during 2007 NPC, was another big step forward in developing a level playing field for domestic and international investors. Reasonable balance leads to wider harmony,” he noted.
See full Press Release.
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