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November 24, 2021 | Report
On September 14, 2021, the Asia CFO Council of The Conference Board convened to discuss two topics of high interest for CFOs and other functional leaders in Asia. Some members from the China CFO, Asian Chief Legal Officers, and Asia Talent and Diversity Councils also joined the session.
Navigating the ‘New Era’ of Great Uncertainty in China
How has the COVID pandemic affected the future of work, in terms of work patterns, location and purpose?
Some of the key questions discussed at the meeting included:
What are the most potent sources of commercial risk for MNCs operating in Asia today?
What are the potential solutions?
How stable and consistent are the factors underpinning the current rate of China’s economic growth?
What are the implications of China’s recent ideology-driven policy initiatives such as ‘Dual Circulation’, ‘Great Rejuvenation’ and ‘Marxism in the 21st Century’?
David highlighted the fact that China’s recovery has been near wholly supply-side driven and thus severely unbalanced. He pointed out that consumption and household income growth have slowed markedly and that domestic challenges are momentous and increasingly obvious – most notably, the challenge represented by the middle-income trap related to the fact of China’s 840 million low income, low educated rural worker population.
He also stressed that the ideological campaigns in the forefront of China’s recent policy initiatives are potentially damaging for the country’s economic growth and also for the country’s innovation capacity – and that China’s external relations continue to deteriorate as the established world order clashes with China’s internal workings – importantly, its increasingly statist and managed economy and socia
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November 07, 2024 | Article
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