Page 45 - 2020 Special Report on the State of Business in South China

eview of our studies in the past three years
shows fierce local competition, rising la-
bor costs, and shortage of qualified personnel as
continue to be the top three major challenges for
companies in the South China region. In addition to
fierce local competition, lack of incentives, shortage ??????ä¸?¡¹??????ä¹????
of qualified personnel and rising costs have become
the top challenges for companies in South China.
More than 70 percent of respondents consid-
ered the Three-year Plan (2018-2020) for
the Development of the Guangdong-Hong Kong-
Macau Greater Bay Area helpful; compared with
their foreign counterparts, more Chinese compa-
nies held positive attitude towards the Plan.
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