Long-held views about Chinese private companies being unable to innovate or be effective in marketing are off the mark, and will be even more so over the next decade. Many of these companies are increasingly looking abroad to gain access to new markets, acquire additional capabilities and expand into new products and services.

In the next five to 10 years, Chinese private companies will be competing in Canada on both cost and quality and will be able to innovate rapidly.

-- Peter Bowie

senior partner at Deloitte China

The comment was published on Globe and Mail, March 12, 2010