INTHEBLACK September/October 2025 - Magazine - Page 22
Beijing CBD,
Mainland China
MAINLAND CHINA
CPA AUSTRALIA
MEMBERS
OVERVIEW
With its economy growing 5.4 per
cent YOY in Q1 2025, China has the
second largest economy in the world
and is an economic superpower.
The nation’s success is not just about
manufacturing — the digital economy
accounted for 10 per cent of China’s GDP in
2023, rising by more than ¥12 trillion (A$2.6 trillion).
Strategic investments include production facilities that
use cutting-edge technologies, plus EV manufacturing
and green energy.
MAJOR SECTORS
• Manufacturing
• Services
• Agriculture
6500
language models in the
market. When conducting
business in China, it is important
to be punctual and prepared, prioritise relationship
building, respect hierarchy and seniority, and master
indirect communication while leveraging digital
etiquette, Jin says.
Be careful not to embarrass or disparage others
publicly, or rush the process by overlooking small
talk, he advises.
INDIA
F E AT U R E
KEY BUSINESS ATTRACTIONS
With over 1.4 billion people and a growing middle
class, China has one of the world’s largest markets.
In terms of output, China leads, producing 35 per cent
of the world’s manufactured goods — more than the
next six nations combined. This means there is a strong,
mature supply chain. Multiple special economic zones
and free trade zones offer tax breaks and simplified
regulations, all backed up by a large, skilled workforce
and advanced infrastructure.
OVERVIEW
One of the world’s largest and fastest growing economies,
India has a projected GDP growth of 6.3 per cent in 2025
and a population over 1.4 billion. With a median age of
just 28.8 years, India has a vast, young workforce and
burgeoning consumer base, positioning the country
as a prime innovation hub driven by digital adoption.
MAJOR SECTORS
1. Finance
2. Private banking and wealth management
3. Compliance management
• Information technology
• Renewable energy
• Fintech
• Electric vehicles
• Healthcare and insurance
LOCAL INSIGHT
KEY BUSINESS ATTRACTIONS
Collin Jin FCPA, Deloitte China audit and assurance
innovation and digital services leader, and president
of CPA Australia’s East and Central China Committee,
says that despite geopolitical challenges and
economic uncertainties, China remains a compelling
market for global businesses to prioritise in their
mid-term expansion strategies.
“China’s robust infrastructure, comprehensive
industrial ecosystems and vast market potential create
a strong foundation for growth,” Jin explains. “In recent
years, the nation’s fast-growing digital economy and
increasingly diverse, inclusive business environment
have attracted global enterprise and talent.”
Jin highlights further drivers of opportunity, including
supportive policies and the rapid advancement
of technologies such as generative AI and large
Fast growth and the world’s biggest population
is a recipe for business success. Add the youthful
populace and an expanding middle class for
SKILLS IN DEMAND
22 INTHEBLACK Sep/Oct 2025 SPECIAL EDITION
Mumbai skyline,
India
CPA AUSTRALIA
MEMBERS
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