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China's business culture is at a crossroads. The country's industrial capacity is rapidly shifting from a mix of state-owned enterprises and low-cost producers towards privatized enterprises and high value manufacturing. Many of these organizations are focused not only on serving the needs of the domestic market; but, are also eager to become world-class enterprises with global reach and globally recognized brand names.
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During this two-day Summit, business, academic and political leaders gathered to discuss the global issues facing governments and companies who are seeking success in China. The theme for this meeting was, China's next phase of modernization: creating scientific and sustainable solutions, which addressed how China will balance foreign and domestic concerns and discussed the degree of confidence Chinese companies will be able to project globally.
As an official strategic partner for the 2005 China Business Summit, Deloitte had the unique opportunity to support the efforts of the World Economic Forum in engaging key stakeholders to shape the business agenda in China. Deloitte's delegation was led by Peter Bowie, Deloitte China CEO, and other members of the China firm.
In addition, Norman Sze, Greater China Managing Partner, helped lead discussions during a session entitled, Ask the Strategist: Succeeding Globally from China. This session focused on the necessary, and some times difficult, changes needed to ensure China's global success. Participants specifically, discussed topics on management, governance, financing and marketing.
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