Paul A. Laudicina, managing officer and chairman of the board with US consulting firm AT Kearney, is a frequent visitor to China. In his recent trip to Beijing, he talked to China Daily reporter Liu Baijia about the impact of the messages from the 17th National Congress of the Communist Party on businesses and how multinationals should cope with new changes in China.
A new program allowing bank users to make deposits, withdrawals and transfers at any banking outlet through a universal payment system could be undermined by public reluctance to pay the high fees associated with it.
As a global aluminum firm focusing on both upstream and downstream business, Alcoa regards China as an increasingly important emerging market. While the Chinese government attaches increasing importance to energy efficiency and emissions reduction, Alcoa offers suggestions to save energy and protect the environment. Helmut Wieser, vice-president of Alcoa and group president responsible for Alcoa's global mill products, rigid packaging and hard alloy extrusion businesses, shares the company's views on energy efficiency and business expansion in China with China Daily reporter Wang Yu.