The late Deng Xiaoping's mantra of "socialism with Chinese characteristics" has opened the door to foreign businesses in 1978. Since then, foreign direct investment has made significant contribution to China's economic miracle. The formation of joint ventures with foreign companies has enabled Chinese firms to achieve much higher technology output and acquire efficient management techniques.
Forty years on, an export-led manufacturing economy is gradually shifting to a "new normal" one that focuses on service oriented and high-tech industries, making Chinese firms more innovative and competitive.
While Xi Jinping has vowed for further economic reform and trade liberalization, foreign businesses remain cautious of the Chinese style market reform in a highly regulated business environment.
In this 40th Anniversary of Chinese Economic Reform Series, President of The European Union Chamber of Commerce in China, Mats Harborn, together with Former Chairman of American Chamber of Commerce in China, Tim Stratford, will share key findings on their chambers' latest editions of China business surveys and business outlook.
This is a not to be missed event for business executives.
Light breakfast will be served
*Special thanks to European Chamber in China & American Chamber of Commerce in China