Review and forecast: How execs view industry and China's economy
3 years ago

Review and forecast: How execs view industry and China's economy

China Daily  

How Jit Lim, managing director and head of China, Performance Improvement Practice, Alvarez and Marsal Q1: How do you evaluate your company's performance in China as well as in the global market in 2021? As the market transitions to a new normal, we are also helping corporate clients transform their businesses to emerge stronger and capture the upside in their sector compared to their peers. China successfully contained the pandemic and business and economic activities suffered minimal disruption from lockdown periods, supply chain and freight issues, raw material shortages etc compared to other markets. As COVID-19 and trade relations continue to disrupt China's and other global economies, we are expecting further transformation.

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History of this topic

Execs sanguine on H2 business climate in China
4 months, 1 week ago

Execs sanguine on H2 business climate in China

China Daily  

Q5: The plenary session has stressed that reform tasks laid out at the meeting shall be completed by the time the People's Republic of China celebrates its 80th anniversary in 2029. Therefore, we have continuously increased our investment in China over the past two years, including $700 million to build a manufacturing and supply site in Qingdao, Shandong province, an …

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories
9 months, 2 weeks ago

China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories

Associated Press  

BEIJING — China has plenty of room to maneuver to attain its annual target for robust economic growth of about 5% after a strong start for the year, top economic officials said Wednesday, though they acknowledged it’s a challenge. It’s hard to fully meet needs using existing funding channels and there’s an urgent need to increase support,” he said at …

China's economy still much better than West
11 months, 1 week ago

China's economy still much better than West

China Daily  

A view of the Lujiazui area of Pudong, East China's Shanghai. And before the global economy had recovered, it faced the COVID-19-induced recession, the trade wars initiated by the US government, the near collapse of supply chains, the Russia-Ukraine conflict, and the ensuing economic sanctions, all of which have slowed the rates of growth of almost all economies. This is …

Country's strategic priorities reflect Chinese wisdom
11 months, 3 weeks ago

Country's strategic priorities reflect Chinese wisdom

China Daily  

The financial district of Pudong New Area. In addition, the nation's recently announced strategic priorities — science technology, innovation, development of a modern industrial system, the boosting of domestic demand, support for agriculture and rural farmers, integration of urban-rural development, coordinated regional development, immense social development, high-level opening-up and prevention of risks in key areas — vividly reflect the economic …

Foreign execs' view on China's economy: 2023 onward
11 months, 3 weeks ago

Foreign execs' view on China's economy: 2023 onward

China Daily  

Editor's note: The Chinese economy has maintained growth and resilience in 2023, as the country expands high-level opening-up and emphasizes high-quality development. How do multinational executives evaluate the performance of their companies, their industries, as well as China's business environment? Q2: What's your evaluation and expectations on China's business environment as well as a higher level of opening-up? This, coupled …

Foreign execs' view on China's economy: 2023 onward
11 months, 3 weeks ago

Foreign execs' view on China's economy: 2023 onward

China Daily  

Henrik Lienstromberg, executive director & legal representative, abat China. Q2: What's your evaluation and expectations on China's business environment as well as a higher level of opening-up? Q3: What are your expectations for China's economy in 2024? The Chinese economy has performed better than many experts expected in 2023, and we believe that the growth will stabilize in 2024. Therefore, …

Foreign execs' view on China's economy: 2023 onward
11 months, 3 weeks ago

Foreign execs' view on China's economy: 2023 onward

China Daily  

Editor's note: The Chinese economy has maintained growth and resilience in 2023, as the country expands high-level opening-up and emphasizes high-quality development. How do multinational executives evaluate the performance of their companies, their industries, as well as China's business environment? Q2: What's your evaluation and expectations on China's business environment as well as a higher level of opening-up? This, coupled …

Foreign execs bullish on 2023 business climate
1 year, 9 months ago

Foreign execs bullish on 2023 business climate

China Daily  

From left to right: Eddy Chan, senior vice-president of FedEx Express and president of FedEx China; Liu Jie, president of Carestream Health Inc China; Ye Fei, president and CEO of Michelin China; Willie Tan, CEO of Skechers China, South Korea and Southeast Asia; Xu Yang, president of Danfoss China. Editor's Note: China Daily is publishing interviews with senior executives of …

Executives share expectations for 2023 market
1 year, 10 months ago

Executives share expectations for 2023 market

China Daily  

Jan Craps, CEO and co-chair of Budweiser APAC;Wu Dongming, CEO of DHL Express China; Bijoy Mohan, executive officer and executive vice-president of LIXIL Corp; Hiroshi Hamaguchi, chairman and president of Astellas China; Wan Shiping, general manager of Aveva China. Editor's Note: China Daily is publishing interviews with senior executives of major foreign enterprises to gauge their outlook for the Chinese …

IMF chief's advice to China on reopening economy amid Covid
1 year, 11 months ago

IMF chief's advice to China on reopening economy amid Covid

Hindustan Times  

The head of the International Monetary Fund urged China to move forward with reopening its economy, calling the nation’s transition from a Covid Zero policy to more normal functioning likely the single most important factor for global growth in 2023. Read here: WHO says Covid deaths in China ‘heavily underreported’; praises US transparency The Washington-based financial institution believes that a …

Two outlooks for 2023. Will it be heads or tails?
2 years ago

Two outlooks for 2023. Will it be heads or tails?

China Daily  

The skyline of Beijing. Internal factors contributing to the volatility in economic growth include the rigid prevention and control measures in some regions, the problems facing the real estate sector and weakened consumption. The Party announced "Chinese path to modernization" as the guiding framework for China's development going forward. Under this scenario, China's GDP growth would probably be less than …

2 Major Traps on China’s Path to Global Leadership
2 years, 3 months ago

2 Major Traps on China’s Path to Global Leadership

The Diplomat  

There are at least two major obstacles that China will have to get over on its path to global leadership, one domestic and one outward-facing. Key policies of the Chinese government aim to help rebalance China’s economy, wean it off its predominantly export-driven model, promote state-of-the-art technologies, tap into the huge domestic market, and make the country more self-sufficient. Another …

China steers economy through challenges
2 years, 8 months ago

China steers economy through challenges

China Daily  

Editor's note: The Chinese economy faces severe challenges because the wave of the COVID-19 infections could lower GDP growth. MA XUEJING/CHINA DAILY Some foreign media say China's economic growth target of about 5.5 percent is too high, and its economic prospects are unattainable. The"2022 White Paper on the Business Environment in China" and the "2022 Special Report on the State …

Sessions provide guidance for global executives
2 years, 9 months ago

Sessions provide guidance for global executives

China Daily  

Editor's Note: Amid challenges including geopolitical tensions and the tightening policies by major central banks, the focus has been on how the two sessions－the annual sittings of China's national legislature and top political advisory body－map out this year's policy agenda to navigate the world's second-largest economy through headwinds and further open up its vast market to the rest of the …

Sessions provide guidance for global executives
2 years, 9 months ago

Sessions provide guidance for global executives

China Daily  

Editor's Note: Amid challenges including geopolitical tensions and the tightening policies by major central banks, the focus has been on how the two sessions－the annual sittings of China's national legislature and top political advisory body－map out this year's policy agenda to navigate the world's second-largest economy through headwinds and further open up its vast market to the rest of the …

Major MNCs see green space for development
2 years, 9 months ago

Major MNCs see green space for development

China Daily  

Editor's Note: Amid challenges including geopolitical tensions and the tightening policies by major central banks, the focus has been on how the two sessions－the annual sittings of China's national legislature and top political advisory body－map out this year's policy agenda to navigate the world's second-largest economy through headwinds and further open up its vast market to the rest of the …

Major MNCs see green space for development
2 years, 9 months ago

Major MNCs see green space for development

China Daily  

Editor's Note: Amid challenges including geopolitical tensions and the tightening policies by major central banks, the focus has been on how the two sessions－the annual sittings of China's national legislature and top political advisory body－map out this year's policy agenda to navigate the world's second-largest economy through headwinds and further open up its vast market to the rest of the …

Global biz execs upbeat on annual meetings' aims
2 years, 9 months ago

Global biz execs upbeat on annual meetings' aims

China Daily  

Editor's Note: Amid challenges including geopolitical tensions and the tightening policies by major central banks, the focus has been on how the two sessions－the annual sittings of China's national legislature and top political advisory body－will map out this year's policy agenda to navigate the world's second-largest economy through headwinds and further open up its vast market to the rest of …

China's improving business environment widely recognized: spokesperson
2 years, 11 months ago

China's improving business environment widely recognized: spokesperson

China Daily  

People visit the 4th China International Import Expo in Shanghai on Nov 5, 2021. BEIJING -- China's efforts to expand opening-up and improve the business environment have yielded positive results and won widespread recognition from foreign enterprises, a Foreign Ministry spokesperson said on Monday. Noting that the global economic recovery faces challenges amid the COVID-19 pandemic, Zhao said that China …

3 Challenges for Chinese Foreign Policy in 2022
2 years, 11 months ago

3 Challenges for Chinese Foreign Policy in 2022

The Diplomat  

2021 was a largely successful year for Chinese foreign policy, due to China’s effective control of the COVID-19 crisis domestically, stable economic growth, and active participation in global governance, particularly in the area of climate change. Drawing strength from its achievements in the past century, China’s diplomacy has forged ahead bravely in the game of chess and written a new …

Review and forecast: How execs view industry and China's economy
3 years ago

Review and forecast: How execs view industry and China's economy

China Daily  

Kitty Fok, managing director of IDC China Q1: How do you evaluate your company's performance in China as well as in the global market in 2021? The 14th Five-Year Plan from the Chinese government has given clear direction for the development of China's digital economy and digital transformation. In 2021, China's overall business environment moved in a healthy direction, intellectual …

Review and forecast: How execs view industry and China's economy
3 years ago

Review and forecast: How execs view industry and China's economy

China Daily  

Mats Harborn, president of Scania China Group Q1: How do you evaluate your company's performance in China as well as in the global market in 2021? On the one hand, we have a historic all-time high global order intake, but on the other hand, we are experiencing supply chain problems due to, among other things, the COVID-19 pandemic. In China …

Review and forecast: How execs view industry and China's economy
3 years ago

Review and forecast: How execs view industry and China's economy

China Daily  

Mats Harborn, president of Scania China Group Q1: How do you evaluate your company's performance in China as well as in the global market in 2021? On the one hand, we have a historic all-time high global order intake, but on the other hand, we are experiencing supply chain problems due to, among other things, the COVID-19 pandemic. In China …

New paradigm for economic development
3 years ago

New paradigm for economic development

China Daily  

MA XUEJING/CHINA DAILY Editor's note: Maintaining economic stability and higher-quality development, and achieving "common prosperity" are priority areas for China. Under the new rubric of "common prosperity", the government's official goal for the coming decade is to create the conditions for the growth of a large, prosperous middle-income group, generate better opportunities for everyone, and elicit more "empathetic" behavior from …

Firms confident of future of China's economy
3 years, 1 month ago

Firms confident of future of China's economy

China Daily  

Editor's Note:The fourth edition of the annual China International Import Expo in Shanghai has drawn global corporate giants, world trade leaders and up-and-coming stars in business. Industry leaders agree the CIIE will continue to play a vital role in sustaining and boosting ongoing global economic recovery from COVID-19. Q2: In the context of the ongoing world economic recovery, do you …

Execs optimistic about China's growth
3 years, 9 months ago

Execs optimistic about China's growth

China Daily  

Editor's note: Despite global uncertainties and the lingering economic downturn caused by the COVID-19 outbreak, China plans to achieve GDP growth of over 6 percent, create new urban jobs and reduce energy consumption as it enters the 14th Five-Year Plan period this year. China Daily spoke to senior executives from multinational corporations to get their views on key macroeconomic policies, …

Execs optimistic about China's growth
3 years, 9 months ago

Execs optimistic about China's growth

China Daily  

Editor's note: Despite global uncertainties and the lingering economic downturn caused by the COVID-19 outbreak, China plans to achieve GDP growth of over 6 percent, create new urban jobs and reduce energy consumption as it enters the 14th Five-Year Plan period this year. China Daily spoke to senior executives from multinational corporations to get their views on key macroeconomic policies, …

'Dual circulation' to boost growth (I)
3 years, 11 months ago

'Dual circulation' to boost growth (I)

China Daily  

'Dual circulation' to boost growth By Zheng Xin and Zhong Nan chinadaily.com.cn Updated: Jan 12, 2021 Editor's Note: Despite global uncertainties and the economic downturn caused by the COVID-19 outbreak, China is on track to embrace the 'dual circulation' development pattern as it enters the 14th Five-Year Plan period in 2021, which also marks the 100th anniversary of the founding …

Five key Chinese economy phrases in 2021
3 years, 11 months ago

Five key Chinese economy phrases in 2021

China Daily  

The Chinese economy showed strong resilience and a robust rebound amid COVID-19. It not only made China the only major economy worldwide with positive growth in 2020 but also injected impetus into the global economic recovery. China's economy is likely to further stabilize and achieve high-quality growth in 2021 and beyond, given favorable conditions such as a massive domestic market …

China holds key economic meeting to plan for 2021
4 years ago

China holds key economic meeting to plan for 2021

China Daily  

Xi Jinping, general secretary of the Communist Party of China Central Committee, Chinese president and chairman of the Central Military Commission, speaks at the annual Central Economic Work Conference in Beijing, Dec 18, 2020. China will make efforts to build more independent and controllable industrial and supply chains, according to a statement released after the annual Central Economic Work Conference. …

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