China’s Domestic Demand

On November 4, 2011, in Adam Roseman, by admin

In ARC China’s newsletter, Adam Roseman quoted Peter Lacy, a managing director at Accenture.

In an interview with China Daily, Lacy explained that “China has a robust domestic demand and encouraging growth figures. While the wage arbitrage between China and Western markets is closing up, many multinationals are still keen to be a part of China’s growth story.

“What we see in China is rapid urban development, increasing awareness of corporate social responsibility and energy security- all factors creating a stable investment environment for foreign businesses.”

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