Infographic: High Optimism And High Expectations In The Chinese Market
While a decade ago China was known to be the "world's factory," manufacturing everyday household goods for companies across the globe, in recent years tech and internet companies have redefined the face of Chinese industry. Both Tencent and Alibaba are now among the world's top 10 most valuable companies. Indeed, Chinese companies are now leading the way in the most disruptive global tech trends, including autonomous vehicles, machine learning and blockchain. According to Deloitte, global CFOs' optimism about the Chinese market has never been higher. But all this innovation has come with a side effect: Chinese consumers' expectations of brands and businesses have risen to match the market's optimism.