The Swiss Business in China Survey 2023 is the second such inquiry carried out since the start of the pandemic—following the COVID- induced hiatus in 2021— and follows previous editions published between 2006 and 2019.
News about China affecting business decisions kept coming in the past months. Additionally, China just concluded its twice a decade parliamentary sessions where both the new Foreign Minister (Qin Gang) and the President directed very strong words at the USA. We thought of providing you a short update and some initial insights.
After a year of extraordinary events, here is an article for German speakers who would like to understand what is happening in China, and what are the economic challenges and opportunities for 2023 and beyond, 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.
This Swiss Business in China Survey 2022 reflects the tumultuous events of this year. This is the first time that we have needed to conduct a follow-up mid-year flash survey to re-evaluate the level of business sentiment recorded at the start of the year. We felt that this was essential in order to understand how war in Europe, growing geopolitical tensions in Asia, and the ongoing Omicron lockdowns in China have impacted the expectations of Swiss companies for 2022 and beyond.
Here is another article in German published in KMU Magazin recounting the Shanghai lockdown and the expected economic impact of the zero-covid policy on China’s this year.
Here is an article in French published in AGEFI about China's zero-covid policy and its impact on business in China.
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.
