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Recently announced government programs to encourage the growth of small- and medium-sized enterprises (SMEs) will help not only this extensive sector’s ongoing sustainability but ongoing development of the third largest economy in the world. SME financing from sources such as foreign investment and private equity, currently considered non-traditional in China, can encourage growth, create jobs, and promote innovation.
Elsewhere in the world, the financial crisis has deepened and become a truly global recession, according to Deloitte’s Global economic outlook Q2 2009 report. Countries in Central Europe have experienced sharp drops in economic activity, highlighting the need for long-term strategies and government action to open markets to new financing options and provide opportunities for future growth.
Global CEO Jim Quigley will address leaders from business, government, and society at the Boao Forum for Asia on 17 April 2009 on the critical need for financing reform and strategic talent management for Chinese SMEs to contribute to China’s economic stability and broader economic growth.
The professionals at Deloitte member firms understand the challenges facing growth companies in emerging markets. Contact us to learn more about our approach and be sure to read the related research and reports on this page.
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