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Growth solutions
- Open account Use open account solutions to trade directly with organisations that have a good financial status and also recognise yours.
- Receivables finance Improve your cash flows and enhance forecasting. If qualified, access up to 90 per cent of invoice values as soon as they are issued.
Despite the forecast for lower GDP growth, the Chinese Communist Party’s goals initially outlined for the 13th Five Year Plan seek to bolster infrastructure, improve operational costs and open consumer access for mid-market enterprises (MME).
Accessing the Chinese consumer involves understanding the unique platforms and drivers of purchases. Chinese consumption patterns are no longer dominated by spendthrift attitudes and mid-market enterprises (MMEs) that previously shrank from entering China directly should understand three key factors enabling and driving the consumer: mobility (through mobile devices and around the world), quality, and lifestyle upgrades.
If Richard Sun were to sew his company’s label into shirts and jackets he would be known the world over.
China’s growth and the RMB
As China’s economic growth continues, this brings challenges but also opportunities. Explore how Bank of America Corporation’s network of China specialises could help your business make the most of China’s potential.
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