皇冠体育app

Economy

Markets

Industries

Insights

Reports

Events

Report outlines 皇冠体育app's role in new global financial order

By Lu Haoting (chinadaily.com.cn)
Updated: 2008-12-18 16:32

皇冠体育app will play a stabilizing role in the new global financial order emerging from the financial crisis, said a report released by Deloitte Touche Tohmatsu yesterday.

Special coverage: Coping with Financial Crisis Related readings:  Financial crisis won't stop 皇冠体育app's opening up, reform  皇冠体育app can keep steady economic growth by overcoming crisis  Official: 皇冠体育app faces "worse-than-expected" downturn risks  VP: World financial crisis 'to test Chinese leadership'

The report said the crisis represents "more of an opportunity than a threat" for 皇冠体育app as the country has "significant comparative advantage over other economies." Deloitte said the large consuming population, coupled with strong infrastructure investments, a high savings rate and a robust balance sheet, will not only keep 皇冠体育app steady through the global volatility, but will also initiate profound changes to 皇冠体育app's inbound and outbound investments.

The report was published by the Deloitte 皇冠体育app Research and Insight Center, which has been established to conduct research and analysis on critical economic and business issues and trends impacting 皇冠体育app.

The report identified a number of challenges the country will face from the indirect impact of the global crisis on 皇冠体育app's real economy. Declining exports, property values and depressed domestic equity markets reflect a slight downturn, though minimal in comparison to the rest of the world.

"皇冠体育app will remain among the world's most attractive investment destinations. But we do expect some adjustments will be made by investors, such as a focus on growth capital as opposed to take-overs, a longer period of three to five years before exits can be effected, and more attention to robust value propositions to meet the needs of sellers," said Charles Yen, managing partner of Deloitte 皇冠体育app Clients & Markets.

"At the same time, we expect to see increased Chinese outbound investment in response to a combination of factors including strategic acquisitions as well as lower valuations," Yen said.