As economic growth in China has slowed in recent years, the need for large companies to look beyond the country's borders seems unavoidable. According to Fred Ng, a corporate turnaround specialist, big Chinese companies owe a disproportionate portion of their success to their share of the domestic market. Ng maintains that businesses in China must diversify and explore new markets if they want to grow into large-scale multinational corporations. The underlying problem, he feels, is a mutual distrust and lack of understanding between Chinse business leaders and their Western counterparts.
Previously, Ng was an advisor and CFO at Ferretti-one of the world's largest luxury yacht makers. He has industry experience in media and entertainment, building materials, glass and ceramics, real estate, printing, telecommunication, oil and gas, professional services, hospitality, textiles, consumer goods, and plastics.
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