European Business in China: Position Paper 2021/2022

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On 12th October, the European Chamber Nanjing will release the Chamber's European Business in China Position Paper 2021/2022, the culmination of six months dedicated work by our 35 working groups and sub-working groups. This year’s Executive Position Paper looks into the 14th Five-year Plan (FYP), and identifies areas of risk and opportunity, both for European businesses and for China’s economy.

 

China’s impressive recovery amid the challenges of the COVID-19 pandemic saw many European firms’ China operations stabilising their headquarters and making up for losses incurred in other markets. A significant number of European Chamber members posted record figures for revenue and profit in 2020, and China’s economy looks set to remain strong for decades to come. According to International Monetary Fund forecasts, China will contribute more than a fifth of global GDP growth over the next five years, meaning its market is simply too important to neglect.

 

However, there are worrying signs that China’s economy is turning inwards. The 14FYP sets a clear course for the country to reduce its reliance on the rest of the world, before ultimately achieving a high degree of self-sufficiency. The European Chamber believes that this is a calculated risk. China is gambling that it can successfully attain a higher level of innovation and manufacturing capability in the next decade or so that will allow it to lead in the technologies likely to define the future global economy.

 

Increasing control over the economy and pursuing a ‘go it alone’ strategy that will see China having to deviate further from the bold reform path it first embarked upon more than 40 years ago could have serious repercussions. These include decreased foreign direct investment (FDI), a deceleration of innovation capacity and reduced access to the core technologies China requires to upgrade its value chains. China’s per capital GDP growth would also suffer, and the risk of it getting stuck in the middle-income trap would increase.

 
In this climate, there are still abundant opportunities for European companies, but identifying and engaging with them requires an increasingly sophisticated understanding of emerging policies. Join this event to find out more about how your industry fits in with China’s strategic plans, and where your company can contribute to its long-term goals.

 

AGENDA

 

6:00 pm - 6:30 pm: Welcome of the participants

6:30 pm - 8:00 pm: Presentation and Q&A

8:00 pm - 9:00 pm: Cocktail

 


 

SPEAKERS

Mr. WEILL Bruno

Chief Group Representative for China at BNP Paribas

Vice President of the European Chamber in China

Board Member of the CCI FRANCE CHINE   

 

Mr. VOSSOUGHI Kamran

President & CEO of Michelin China

Board Member of the European Chamber in China

Board Member of the CCI FRANCE CHINE


 

REGISTRATION

 

Free to CCI FRANCE CHINE members

100 RMB for Non members

Please scan or hold on the QR code to register

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