Deloitte in the news
Deloitte's news in the Boao Forum For Asia Annual Conference 2015
26 - 29 March 2015, Boao, Hainan Province, China
Asian Infrastructure Investment Bank (AIIB) - Related news
Steve Almond, Deloitte Global Chairman said, "Asian countries have vastly different cultures and religions. Chinese culture has had a profound impact on neighboring countries in Asia during its long history - food, architecture and many other things. The integration of culture in this region will deepen, but it's not a homogenizing process; it's a way of communication and exchange. We will not only exchange wealth under this initiative but also ideas and kindness." Read the news.
Steve Almond, Deloitte Global Chairman suggested that infrastructure development of a nation requires international collaboration. Read the news (Simplified Chinese only).
Sitao Xu, Chief Economist, Partner, Deloitte China, talked about the global financial system reform, roles of AIIB and impacts of RMB globalization during an interview. Read the news (Simplified Chinese only).
New Normal - Related news
Lawrence Chia, CEO of Deloitte China, said, "Depending on what sector they are in, our clients have come up with various strategies to cope with the slowdown or the 'new normal', and the slowdown might actually provide opportunities for certain firms that are in the sectors plagued by overcapacity." Read the news.
Norman Sze, Northern Region Managing Partner, Deloitte China, said "Prior to the reform and open up, economy of private sector in China represented only 1% of the national GDP, while the ratio increased to over 60% in 2014. Number of overseas M&A deals by Chinese companies increased rapidly, 70% of these deals are conducted by private companies." Read the news (Simplified Chinese only).
One Belt and One Road - Related news
China Economic Times
Steve Almond, Deloitte Global Chairman reckoned that AIIB should enhance its management, transparency and competence of professionals and industry experts in financing of infrastructure, in order to drive the Bank's development. Read the news (Simplified Chinese only).
Steve Almond, Deloitte Global Chairman's speech in meeting with President Xi. Steve said, "Our firm has achieved excellent performance in China. We are devoted in employee's localization. We also provide assistance on the development of Chinese accounting standards, as well as to advise and support Chinese enterprises to expand their businesses across the world. We will continue to support the development of OBAOR as well as the infrastructure in China." Watch the video and read the news (Simplified Chinese only).
Norman Sze, Northern Region Managing Partner, Deloitte China, said One Belt and One Road brings unlimited opportunities to private sector. It will be even better if the government can support the private sector to invest in regions near the route. Read the news (Simplified Chinese only).
Sitao Xu, Chief Economist, Partner, Deloitte China, talked about One Belt and One Road (OBAOR) and Asia Infrastructure Investment Bank (AIIB). He said OBAOR will take Chinese enterprises to the global stage, resolve the problems of overcapacity in some domestic companies, and facilitate the acceleration of Renminbi globalization. Read the news (Simplified Chinese only).