This is a guest post by one of the students I thought in executive management program in Chengdu: 梁勤. Multinationals have had mixed success in China; other than Apple and LVMH, I struggle to think of many brands (especially the likes of Google, Yahoo e.t.c) which had success in China. 梁勤, who works for an State-owned enterprise in China, provides an insider perspective.
China has the latent resources for domestically driven economic growth. Exports in China have been a major driver, but there are clear signs that a shift toward domestically driven economic growth is well under way.