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For German speakers, here is a perspective of the coming economic challenges and opportunities in China, published in KMU Magazine.
China grew 8.1% in 2021 after a 2.2% growth in 2020. At the same time, during that first pandemic year, the rest of the world economy shrank by about 4.1%. China’s development during the pandemic has generated continued considerable business interest, so much so that foreign direct investment reached an all-time high of USD 179 billion in 2021 despite extraordinary restrictions on international travel into China.
While tourism experiences a difficult year in China because of Beijing’s zero-Covid policy and mobility restrictions, the Swiss Centers experts see a lot of reason for long-term optimism for Swiss consumer goods.
China: economic recovery and new outbreaks – what perspectives for the world’s second largest economy?
Since it started its international opening, China faces its ever recession. No growth target has been announced for 2020 also for the first time. Priority has been set instead on generating enough jobs.
Nicolas Musy, founder of China Integrated & Managing Director of Alexander Hughes China, shared his viewpoint with CNNMoney, believes it is still a very good time for Swiss companies to invest in China. While GDP growth may be slowing, the sectors in which Swiss companies operate, such as healthcare and financial services, are still growing at a fast pace. However, not all is rosy, Musy warns, and the challenges are real.
China Integrated founder and CEO, Nicolas Musy, was recently interviewed on Swiss TV Channnel RTS. Mr. Musy spoke about the work he has done during his 30 years in China and how he helps Swiss companies enter China and achieve success.
PDF version January 2017 – is the country heading [...]