Putting corporate governance first

The gradual, progressive internationalization of Asian companies is probably one of the most important events of this century in the world economy.

Chinese companies are realizing that their current advantage in resources is not sustainable, and the country is reducing the role of export-driven manufacturing as its working population ages and wages rise.

Competitors are emerging just next door: China's free trade agreement with the Association of Southeast Asian Nations will come into force in 2015.