CNBC: Weng Tao On Doing Business In China

Oct 24, 2019

China-U.S. trade tensions are impacting a variety of Chinese businesses. Oliver Wyman partner Weng Tao was quoted in a CNBC.com story titled “From Automakers to Manufacturers, Chinese Businesses Face a Challenging Environment.”

“For all banks, no matter small or large, doing business is rather difficult,” said Weng Tao, Beijing-based partner in financial services practices for Oliver Wyman’s Greater China team. That’s according to a CNBC translation of his Mandarin-language remarks.

“The customers you could serve, you pretty much already serve,” Weng said. “The points of breakthrough (in business) aren’t that great.”

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