April 2014
Intermediate to advanced
304 pages
5h 51m
English
book
The Silk Road Rediscovered: How Indian and Chinese Companies Are Becoming Globally Stronger by Winning in Each Other s Markets
by Anil K. Gupta, Girija Pande, Haiyan Wang
Content preview from The Silk Road Rediscovered: How Indian and Chinese Companies Are Becoming Globally Stronger by Winning in Each Other s Markets
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Chapter 2Succeeding in ChinaOpportunities and Challenges
There is near consensus that China's economy has entered a new phase. The era of double-digit economic growth is over. The IMF projects that the country's economy will grow by 7.6 percent in 2013 and 7.3 percent in 2014. During the following ten to fifteen years, the growth rate is more likely to average around 6 percent.1
For an economy of China's size and current stage of economic development, a 5- to 6-percent sustained growth rate would still be very robust. By all accounts, China is on course to overtake the United States and become the world's largest economy by 2025. This means that, for the foreseeable future, China will remain one of the most attractive markets for the world's ...
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