South Africa

Details

  • Industry: Business Desk, China
  • Type: Business and industry issue
  • Date: 2013/06/13

The KPMG Global China Practice Network

KPMG's China Desk was established to assist clients from South Africa with establishing business relationships in China and vice-versa.

New Push for Reform: Signals from China's Two Parliamentary Conferences 

China's two parliamentary conferences were held in March 2013. The Lianghui meetings are particularly important because they confirm changes to many government leadership positions, agency restructurings, new appointments, and policy announcements.

Considering their education background and experiences, the new leaders are expected to continue the momentum of reform and opening up. This round of government restructuring also implies that China’s new leadership aims to create an efficient and service-oriented government. A series of new policies were also announced that may lead to many investment opportunities including, but not limited to: new energy, environmental protection, infrastructure and building materials.