Transformations in Treasury in China
If people were skeptical of China's importance as an economic powerhouse before the global financial crisis, there are now few, if any, disbelievers. With China continuing to demonstrate impressive growth throughout 2008 and 2009, despite a reduction in international demand for Chinese exports, China is tipped to surpass Japan as the world's second largest economy by the end of 2010. China is important for every treasury professional, in almost every industry, firstly as a source of supply and a major consumer market.This whitepaper considers a variety of issues relevant to treasurers with activities in China. The results of a benchmark study comparing companies headquartered in China with those in western economies is explored as well as opportunities for foreign companies dealing with companies in China, and vice versa.