Kitty Fok Managing Director of IDC China, Paul Abfalter, Head of North Asia & Global Wholesale, Telstra
China was the first country to bear the full brunt of COVID-19 and is also one of the first to enter the recovery phase. While most Asia Pacific countries are still fighting the pandemic, China’s economy is steadily getting back on its feet with a year-on-year growth of 3.2% in Q2 of 2020 (compared with a Q1 contraction of -6.8%). Growth in Q3 is expected to be even higher.
This economic revival, supported by government stimulus programs, has brought significant opportunities for international businesses. It has also attracted a significant level of new foreign investments aimed at riding the wave of China’s economic recovery.
However, COVID-19 has drastically changed many facets of economic and social life in China. Many activities have been pushed online, including work, education, entertainment, and shopping. Companies seeking to do business in China need to understand these changes and the challenges that arise.
Join IDC and Telstra in this webcast as we discuss:
- The business changes in China
- The implications of these changes
- The opportunities and challenges of doing business during the next phase of recovery