On 22^nd February, 2016, the European Chamber of Commerce in China will release an updated study on overcapacity in China’s industrial economy. The report provides a detailed examination of the causes and consequences of serious overcapacity in eight important industries: crude steel, electrolytic aluminium, cement, refining, chemicals, flat glass, shipbuilding, and paper and paperboard. Based on our analysis, the European Chamber evaluates why, to date, the Chinese Government’s efforts to address overcapacity have failed and provides 30 recommendations—both direct and indirect measures—that should be taken to address this serious problem.

Overcapacity is a topic of long-standing interest to European Chamber members. In 2009, we were one of the very first organisations to publicly raise this topic in a major report. In the autumn of 2015, due to a notable deterioration of the situation, the Chamber decided to revisit the topic, examining subsequent developments that have taken place over the course of the last six and a half years. It is hoped that this new report will contribute to a sharpening of the aims and objectives of the soon-to-be-released 13^th Five-Year Plan and the success of China’s 2016 presidency of the G20.  

Mr. Joerg Wuttke, President of the European Chamber, will give a presentation on how overcapacity has harmed China’s economic development and contributed to rising trade tensions, Mr. Wuttke’s will also provide suggestions on how this increasingly urgent problem could be addressed.

AGENDA

14:00 to 14:30          Registration and Networking

14:30 to 14:40          Welcome Remarks by Mr. Marcus Wassmuth, Vice-President and Chairman Shanghai, European Union Chamber of Commerce in China Shanghai

14:40 to 15:15          Presentation by Mr. Joerg Wuttke, President of the European Chamber China

15:15 to 15:55          Q&A Session

15:55 to 16:10          Closing Remarks 

16:10 to 16:40          Networking and Coffee  

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Speakers

Mr. Jörg Wuttke

President, European Chamber

Mr. Jörg Wuttke

President, European Chamber

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Jörg Wuttke is Vice President and Chief Representative of BASF China, based in Beijing. Since joining BASF in 1997, Mr. Wuttke has been responsible for helping guide the company’s investment strategies for China, negotiation of large projects and government relations. (BASF Greater China’s sales in 2014 were €5.5 billion)

Previous to joining BASF, Mr. Wuttke worked with ABB for 11 years; in fact his first professional encounter with China was in 1988 as the Finance and Administration Manager of ABB Beijing. In 1990, he returned to Germany as Sales Manager of ABB Power Plants Division, responsible for gas turbine sales to Africa and Russia. In 1993, he became Chief Representative ABB China in Shanghai and in 1994 moved to the President's Office of ABB China in Beijing, where he was responsible for the development and financing of large projects.

From 2001 to 2004 Mr. Wuttke was the Chairman of the German Chamber of Commerce in China. From 2007 to 2010, and again since April 2014 he is the President of the European Union Chamber of Commerce in China.

In January 2011 the Business and Industry Advisory Committee to the OECD (BIAC), a Paris based body of major business associations that lobbies the OECD, named Mr. Wuttke to become Chairman of the BIAC China Task Force.
Since its establishment in 2013, Mr. Wuttke is member of the Advisory Board of Germany’s foremost Think Tank on China, Mercator Institute for China Studies (MERICS), in Berlin.

Since July 2013, Mr. Wuttke is Vice Chairman of the CPCIF International Cooperation Committee, a group representing Multinational Companies in China’s Chemical Association.

Mr. Wuttke is a Rotarian and a member of the European Bahai Business Foundation.

Mr. Wuttke holds a BA in Business Administration and Economics from Mannheim and studied Chinese in Shanghai 1982 and Taipei 1984-85. A frequent speaker on business and industry issues in China, he co-authored:

“The Chemical and Pharmaceutical Industry in China” by Springer Publishing Trust in 2005;
“Energy Resources Security” by Konrad Adenauer Stiftung in 2006;
“The Handbook of Chinese Organizational Behavior: Integrating Theory, Research, and Practice” By Edgar Elgar Publishing in May 2012.

In 2008, he is featured in the book “My 30 years in China” as one of 13 prominent expatriates in China.

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