Within the past few months, the Chinese government has announced a number of broad economic reforms. The movement toward a more open economy is good news for foreign firms, but it also creates risks. “In the near term, potential negative impacts on the real economy as a result of the reform effort and credit risks associated with the rising cost of funds have to be watched out for,” says Rocky Tung, Asia Pacific economist with credit insurer Coface.
Keeping up with the latest digital innovations has replaced economic conditions and regulatory changes as the biggest concern for global executives this year.
Company also plans $30 billion in U.S. capital expenditures.
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Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
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