China, BRIC's economic powerhouse, holds tremendous implications for the business plans of existing and potential clients.
As China has ascended to become the world's second-largest economy, investment by multinationals in China, as well as outbound investment by Chinese companies, continues to grow rapidly.
KPMG's Global China Practice is a global network, across more than 40 of KPMG's member firms, with teams of China experts, cross-border investment advisors, and Mandarin speakers providing services to China inbound and outbound investors.
For inbound investors, the pace of change of the business and regulatory environment in China can pose many challenges. As Edwin Fung, Global Chair of KPMG's Global China Practice points out:
"Investment success in China requires a deep understanding of the various regions, business practices, and culture as well as how new laws and regulations will impact business. The Global China Practice enables KPMG member firms to provide advisors to their clients locally to help with this process."
For China-headquartered businesses investing in new markets, the Global China Practice can provide direct access to Chinese professionals with KPMG member firms in key countries. These professionals can help Chinese companies through every step of their outbound investment strategy, from bridging the language and cultural gap and navigating the complexities of overseas markets, to providing transaction and post-integration services.