Two-thirds of Australian businesses operating in China plan to increase their investments in China, even while navigating a raft of shifting market challenges.
KPMG Australia has worked in partnership with the China-Australia Chamber of Commerce (AustCham), the Australia China Business Council (ACBC) and the University of Melbourne to produce the second edition of the Doing Business in China report highlighting the experiences and opinions of Australian companies operating in China.
The research, which polled executives from 165 Australian companies operating in or doing business with China, shows an encouraging level of optimism despite new challenges which have emerged. It indicates that companies are overall expansionary, though future success is conditional upon the ability for taking long term perspectives while displaying short term agility in China’s rapidly evolving market.
The report also provides top tips for business success for Australian companies operating in China and identifies 10 key questions that Boards should consider asking executives operating in China.
The 2018 Doing Business in China report follows the survey of members of the China-Australia Chamber of Commerce (AustCham) and the Australian China Business Council (ACBC) and was conducted in Q3 2018. The respondents comprised Australian businesses operating in or doing business with China and responses were received from 165 companies across a range of sectors.
The report is a joint research initiative of AustCham China, Australia China Business Council, KPMG Australia and the University of Melbourne.