President Jörg Wuttke and Vice President George Lau interviewed by on China’s Corporate Social Credit System in South China Go back »

2019-10-22 | South China

On 22nd October, President of European Chamber, Jörg Wuttke along with European Chamber Vice President and Chairman of European Chamber South China Chapter, George Lau were interviewed by

Armed with over 30 years of working experience in China, President Jörg’s comments in regards to the Corporate Social Credit System recognized the importance of actively engaging the Chinese government. His own experience has taught him that the Chinese government is a thoroughly action-oriented institution, especially in regards to new systems and initiatives. In regards to the Greater Bay Area (GBA), innovation is a particularly strong key word. He suggested that European companies should not only think about how to be part of this innovation, but also consider how they can benefit from it. Besides this he also suggested that European companies should try to actively make contributions to the overall environment of innovation. In his opinion, they can do this by utilizing South China’s status as a sort of “testing ground.” He went on to say that, “if something succeeds here, other places in China will replicate it,” and that “If you are not in Shenzhen, you don’t compete against companies in the future.” Vice President George pointed out that South China has a very friendly business environment due to the fact that the government is very professional and transparent. This combined with European Chamber’s organisation of regular working group meetings and government meetings here, at the municipal and provincial level, all help improve collaboration between European companies and the Chinese government. George finished the interview by inviting all to the “The third annual China (Guangdong) – Europe Innovation and Investment Conference, co-organised by Guangdong government and European Chamber, which will be in Dongguan in December. The conference will certainly be about innovation plus GBA, as well as what European businesses do now with the government.”