Preparing for a Down Market with Chinese Characteristics
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Preparing for a Down Market with Chinese Characteristics

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On 16 November 2023, The Conference Board’s China CEO Council convened in Shanghai for its second biannual meeting to discuss the key structural challenges impeding China’s transition to a more sustainable growth model, and underpinning its current economic weakness; the impact of current policy measures, and the potential for the government to successfully address China’s structural imbalances; and what this all implies in terms of both challenges and opportunities for MNCs investing and operating in the Chinese market. This short brief presents the key takeaways of the discussion.

Trusted Insights for What's Ahead™

On 16 November 2023, The Conference Board’s China CEO Council convened in Shanghai for its second biannual meeting to discuss the key structural challenges impeding China’s transition to a more sustainable growth model, and underpinning its current economic weakness; the impact of current policy measures, and the potential for the government to successfully address China’s structural imbalances; and what this all implies in terms of both challenges and opportunities for MNCs investing and operating in the Chinese market. This short brief presents the key takeaways of the discussion.

Trusted Insights for What's Ahead™

  • Members should expect a prolonged period of weak topline economic growth conditions in China, and much more disparate growth dynamics across cities, sectors, and customer segments.
  • Members should implement their playbooks for a down market and tap experiences learned in other markets while focusing on defensible segments where profitability, as well as critical positions in China’s innovation ecosystem, can be sustained.
  • Looking ahead, assuming that the down-market experience observed in other economies will generally apply to China, irrational competition should eventually be flushed out and yield improved, more rational market conditions longer-term.
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