日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Economy

Global players adapt to 'new normal' model

(Agencies) Updated: 2015-11-16 07:31

Global players adapt to 'new normal' model

A woman inspects a robot designed by General Electric during a recent industrial fair in Shanghai. Despite the slowdown in China's economic growth, the US company is confident that the Chinese market will continue to expand. [Photo provided to China Daily]

A slowdown in China is forcing multinational companies to treat the world's second-largest economy more like a developed market.

This has involved turning away from the headlong dash for growth to focus on premium businesses as well as improving productivity by investing in staff.

As the main driver of global growth for much of the past decade, China has been a godsend to big international firms looking to boost profits as economies elsewhere struggled.

Now, though, Beijing is attempting to rebalance its economy to a more sustainable rate of expansion dubbed the "new normal" by President Xi Jinping.

But with growth at its slowest in a generation, a slew of companies are citing China as a reason for underwhelming earnings in the past six months.

"We've entered the new phase, a new normal with slower growth, and that changes the business dynamic, and it changes the outlook," John Lawler, Ford China CEO, said at a conference for United States businesses in Shanghai.

In recent weeks, weakness in Chinese demand has been blamed for soft sales and trimmed forecasts from companies ranging from luxury fashion retailer Burberry and KFC owner Yum Brands to US computer hardware and consulting firm IBM to Japanese robot maker Yaskawa Electric Corp.

Last month, economic data also showed export growth dipping in Japan and South Korean-both blamed on the slowdown in their giant neighbor.

Companies in sectors such as construction and mining have felt the biggest pinch.

Heavy equipment maker Caterpillar plans to slash capital spending and cut about 10,000 jobs, while industrial conglomerate United Technologies Corp said its business in China could drop as much as 15 percent next year.

And the days of double-digit growth that had foreign companies scrambling to enter the country in the first decade of the millennium may not be coming back.

President Xi said early this month growth would remain around the 7 percent level for the next five years.

As Beijing tries to steer the economy away from the export and investment-led growth model that fueled China's rise, firms are having to re-evaluate their strategy.

"Generally, it has probably moved from 'go, go, go, growth, growth, growth,' to 'things are getting complicated'," Abinta Malik, general manger for Gap Inc in Greater China, said when asked at the Shanghai conference how the message from head office had changed.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 三区在线视频 | 成人国产精品视频 | 天天干天天草 | 中文字幕网在线 | av影音资源 | 国产真人做爰视频免费 | 午夜精品视频在线看 | 这里只有精品视频 | 免费黄色电影在线观看 | 无码激情做A爰片毛片A片小说 | 中文字幕第二页 | 五月婷婷综合激情网 | 久久久蜜桃 | 欧美天堂 | 国产成人综合久久精品红 | 91短视频版在线观看免费大全 | 亚洲成人免费视频在线观看 | 黄视频网站免费观看 | 日韩欧美三区 | 精品日韩欧美国产一区二区 | 99热久久国产精品免费看 | 久草97 | 国产一级毛片夜一级毛片 | 特黄做愛又硬又大A片视频 小视频在线看 | 奇米色在线 | 亚洲国产精品日韩高清秒播 | 中文字幕在线一区二区三区 | 一级毛片视频在线 | 久久久久毛片免费观看 | 欧美精品一区久久 | 成人性生活视频在线观看 | 久操网址 | 亚洲精品乱码久久久久久久久久 | 亚洲综合区 | 久久无码AV亚洲精品色午夜 | 欧美日韩一区二区在线视频 | 在线看色片 | 久操导航| 亚洲成a人片在线看 | 丁香六月婷婷激情 | 国产精品美女一区二区三区 |