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The US has played its hand in Latin America. Will China’s firms there cash out?
After the abduction of former Venezuelan president Nicolas Maduro, many Chinese entrepreneurs in the region say they are staying put – for now
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With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter.
In the days since Washington’s ousting and abduction of former Venezuelan president Nicolas Maduro – an event that sent shock waves through global markets – some Chinese business executives say they are already being inundated with pitches from consultancies offering their services in risk management.
“Recently, there has been a surge in promotional materials from various advisory firms touting overseas risk-mitigation strategies,” said one executive at a consumer goods manufacturer based in China’s eastern Zhejiang province.
He declined to be named due to the sensitivity of the topic, but said overseas expansion has been on the company’s radar for several years, making his company a prime target for the consultants’ entreaties.
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