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opening ? Lobbying Skills shortages 0102030405060708090ChinaIndiaThailandKoreaUKJapanTertiary gross enrollment ratio, %1980 2020Source: World Bank Serious wage inflation 202468102020 2020 2020 2020% change, yoyW a g e s , p ro f e s s i o n a l s t a f f C o n s u m e r p ri c e sSource: EIU, Hewitt Associates Intellectual property theft Improving laws and regulations Inadequate enforcement An unavoidable cost Survival strategy: selfpreservation Corruption causes most concern 051015202530354045CorruptionIPRCapital flowsSkilled staffProtectionismElectricitySupportservicesRenminbiEconomicpolicyInfrastructureLanguageskillsPoliticalstability% claiming detrimentalNow F i v e ye a rsvSource: EIU Conclusions China is ing of age for MNCs