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Doing business in China: A McKinsey Survey of executives in Asia

Surprisingly few companies have any operations in China today, but the vast majority expect to be doing business with the country within five years.

China is an increasingly important player in the world economy. However, nearly 40 percent of executives in Asia say their companies do no business in China today, according to a McKinsey survey, and a third say that even if the country’s growth rate fell to zero their company’s revenue would not be affected.

Executives also see significant threats to China’s continued growth; these include a shortage of talent and weak enforcement of commercial laws and regulations. But many respondents say that the country can address its challenges sufficiently.1

Notes

1The McKinsey Quarterly conducted the online survey in January 2007 and received 253 responses from C-level executives in Asia.

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