China’s Goals & Key Challenges – and the opportunities they generate!
At the same time the USA generated 25% of the world’s GDP while being home to 4.3% of the world population, only. (Russia, by contrast, hosts 1.9% of global population and generates 1.8% of total GDP.)
In 2017, compared to 2016, China bought goods from Switzerland for an additional amount of CHF 2 billion. It was the second biggest absolute increase in Swiss exports and amounted to almost as much as the additional CHF 2.2 billion in purchases made by the USA last year.
This example tells the recent story of the world’s international businesses development.
From 2008 to 2017, Swiss exports to the world increased by a mere 6.8% (from CHF 202 to 220 billion), while at the same time goods sold to China increased by 66% and those to the USA by 73%.
During the same 10 years, India’s total import of Swiss products went down from CHF 2.3 to 1.6 billion, a negative growth of 26%. In 2017, India with a population count similar to China’s, accounted for just one tenth of Swiss exports to China.
However, while the recent corporate tax reduction will certainly boost investments in the US and therefore continue to generate valuable opportunities for international businesses, the IMF is warning that China’s financial system is at risk.
 China’s financial system harbours large risks, says IMF (7 Dec 2017, BBC)
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