Monday, January 07, 2013

Adds no issue for new leadership - Tom Doctoroff

Doctoroff
Tom Doctoroff
China's new leadership is setting new directions, or rumors suggest industries might but under scrutiny  But the advertising industry is not one of the sectors the new leadership is likely to address, tells marketing guru Tom Doctoroff in Adage. Adage:
Incoming President Xi Jinping, Premier Li Keqiang and several other top leaders in the new administration cut their teeth in booming coastal areas where foreign investment was an important factor in the local economy. None has any ties to marketing, but the industry is expected to continue growing without much interference from Beijing, especially because advertising isn't considered a "strategic" industry, like energy, food or infrastructure. 
"The government focuses on things that directly affect the lives of groups of consumers, and advertising in that sense is not threatening, so it's given a fairly wide leash," said Tom Doctoroff,JWT's Shanghai-based Asia-Pacific CEO... 
China's economic growth is slowing, which makes marketers nervous. Local marketers are looking for Beijing to respond pragmatically, but multinationals may have more acute worries, "driven in large extent by the global anxieties of their headquarters," Mr. Doctoroff said.
More in Adage.

Tom Doctoroff is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

The China Weekly Hangout discussed on November 1, 2012 what direction the new leadership under Xi Jinping is likely to take, with Greg Anderson, Janet Carmosky and Fons Tuinstra.

Enhanced by Zemanta
Post a Comment