The Boao Forum for Asia 2016

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The Boao Forum for Asia 2016

Asia’s New Future: New Dynamics, New Vision

22 - 25 March 2016, Boao, Hainan Province, China

Deloitte dialogues with delegates

As Intellectual Supporting Partner, Deloitte actively participated in the following sessions in the BFA Annual Conference 2016:

A senior delegation of Deloitte partners attended the BFA AC and exchanged views with fellow delegates:

  • David Cruickshank, Global Chairman, Deloitte Touche Tohmatsu Limited
  • Lawrence Chia, CEO, Deloitte China
  • Paul Siu, Managing Partner, Clients, Industries & Markets, Deloitte China
  • Thierry Delmarcelle, Chief Strategy Officer, Deloitte China
  • Norman Sze, Northern Region Managing Partner, Deloitte China
  • Eddie Chiu, National Managing Partner, Enterprise Risk Services, Deloitte China
  • Sitao Xu, Chief Economist & Partner, Deloitte China
  • Tonny Xue, Partner, Enterprise Risk Services, Deloitte China
Boao 2016

Private Sector Roundtable

New Business Ecosystem for the Private Sector

Date: 23rd March

Time: 9:30am - 11:30am

Venue: Dongyu Island Hotel, Changyan Ballroom

In the business ecosystem of every enterprise lies untapped opportunity and latent risk, principally because the hard truth is that every enterprise only really knows a fraction of what is in its ecosystem.

Since we moderated the first Roundtable for leaders of Chinese private enterprises in 2011, the business ecosystem has developed and expanded beyond recognition. The moderators of 2016 Roundtable - Eddie Chiu, National Managing Partner, Enterprise Risk Services, Deloitte China, and Sitao Xu, Chief Economist & Partner, Deloitte China – joined leaders of many leading Chinese private enterprises to look at what the present and the future hold for this very important dimension of every business, for this growing and increasingly significant sector of China's economy. Also presented to spark discussion were Bao Yujun, Former Vice Chairman of The All China Federation of Industry and Commerce, and Professor Chen Zhi Wu, Professor of Finance, Yale School of Management.

Roundtable Overview:

  • How will opportunities and risks be redefined by the series of actions and reactions to China's New Normal with policy drivers such as further opening up to the private sector of China's industry sectors including education, healthcare, banking, energy, resources and infrastructure, counterbalanced by slower economic growth? To what extent can private enterprises govern their business ecosystem, and to what extent are they inevitably governed by it? This becomes an increasingly important pulse to take as China becomes more reliant on its private sector to fuel its future economic growth and as the market environment is likely to be disrupted by more changes.

Session Summary:

Key points that emerged during the lively two hours session were:

  • Entrepreneurs from the private sector hold a cautious outlook for 2016 economic growth;
  • Deterioration of the business ecosystem is a major concern to the private sector;
  • New business ecosystem includes: sharing economy, channel revolution, cross-border operation and upstream-and-downstream collaboration;
  • Private sector increased expectations of a level playing field and IP protection.

 

Please click here to read the full summary
Remark: Flash on Boao Forum's website is also not supported on some mobile platforms, it is recommended to download its pdf report to your mobile device or read the report on computer.

Eddie Chiu, National Managing Partner, Enterprise Risk Services, Deloitte China
Eddie Chiu, National Managing Partner, Enterprise Risk Services, Deloitte China
Sitao Xu, Chief Economist & Partner, Deloitte China
Sitao Xu, Chief Economist & Partner, Deloitte China

MNC CEO Roundtable

MNCs in the "new normal": Reset required but how?

Date: 23rd March

Time: 9:30am - 11:30am

Venue: Dongyu Island Hotel, Yiyong Ballroom

After several decades of rapid economic growth and relatively weak competition from local players, there is no denying that China’s “new normal” presents tough new challenges to foreign multi-nationals operating in the country. Each year since we moderated the first Roundtable in 2010, we have tracked the evolution of opportunities and challenges with Roundtable participants who are all CEOs of MNCs doing business in China. With China's new normal, MNCs may be facing the most complex and competitive environment yet. Thierry Delmarcelle, Chief Strategy Officer, Deloitte China, was the moderator of this Roundtable and facilitated an exchange of insights and ideas among MNC business leaders for how to reset their China strategies and models as China resets its economy.

Roundtable Overview:

  • Several forces at work - such as depressed global demand for exports, slower domestic growth, fast narrowing capability gaps with local players, and increasingly assertive regulatory enforcement combine to heighten the need for a reset of MNC's traditional aspirations and competitive strategy in China.
  • On the other hand, China's new normal also includes financial and supply side reforms that promise new opportunities to all market participants - such as accelerating pace of innovation, fast increasing consumer sophistication, and new sources of growth within industry clusters and regions. Under the new normal, how should MNCs adapt in order to play to win in China?
  • This Roundtable was an opportunity for China leaders of MNCs to learn from each other's experiences and perspectives, as well as discuss their questions and ideas as a significant business community with international and China policymakers.
Thierry Delmarcelle, Chief Strategy Officer, Deloitte China
Thierry Delmarcelle, Chief Strategy Officer, Deloitte China

TV Debate

Smart Manufacturing

Date: 24th March

Time: 2:45pm - 4:00pm

Venue: ICC, Level 1, Dong Yu Grand Ballroom D

The live discussion on this topic redefined manufacturing, which has long been one of the key enablers of China's ascendancy as a global economic power over the past decades.

David Cruickshank, Global Chairman, Deloitte Touche Tohmatsu Limited was on the panel of TV Debate looking at "Smart Manufacturing"

Session Overview:

  • Internet has changed entertainment, media, retail and banking, but not so much the real economy, or manufacturing, to be more accurate. In factories, much of the talk is still about upgrading the production line or lean management.
  • Industry 4.0: German experiment
  • Industrial Internet: the GE idea
  • Made in China 2025: Internet + Manufacturing
  • What is the key to smart manufacturing?
  • The role of big data
  • Factory, worker and product in the future

Session Summary:

The session key points that emerged are:

  • The core of smart manufacturing differs from country to country. Germany focuses on the manufacturing process; the United States on internet-enabled manufacturing platforms; China works on both.
  • Smart manufacturing has moved to real-life practice.
  • Internet of Things drives the new business model.
  • China has a good chance of achieving its goal by improving product design, satisfying customer needs, and leveraging platform value. Acquisitions and strategic partnerships can help accelerate this.

 

Please click here to read the full summary
Remark: Flash on Boao Forum's website is also not supported on some mobile platforms, it is recommended to download its pdf report to your mobile device or read the report on computer.

David Cruickshank, Global Chairman, Deloitte Touche Tohmatsu Limited
David Cruickshank, Global Chairman, Deloitte Touche Tohmatsu Limited
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