China in need of managerial expertise

A new study claims demand for talented managers in China is a major impending challenge for both multinationals and locally owned enterprises in that country, The McKinsey Quarterly reports.

The American Chamber of Commerce in Shanghai survey claims 37 per cent of respondents believe recruiting people for management roles in China is their most significant operational problem.

In addition, a recent McKinsey Quarterly survey found 44 per cent of Chinese executives said insufficient talent was a major issue in terms of future expansion.

A lack of international relations experience is said to be limiting Chinese managers.

Researchers claim 30 per cent of executives at Chinese companies that deal with international firms have no senior managers from outside China.