President Jörg Wuttke Interviewed by CNBC on SOE Reform and China's Opening Up Go back »

2019-09-24 | All chapters

President Jörg Wuttke Interviewed by CNBC on SOE Reform and China's Opening Up

President Jörg Wuttke was interviewed by CNBC before the European Business in China Position Paper 2019/2020 launch event on 24th September.

President Wuttke said that the reason the Chamber focussed on state-owned enterprises (SOEs) for this year’s Executive Position Paper is that these entities are burning money in China. President Wuttke said there is a correlation of the density of SOEs and economic performance; in SOE-dominated north China, recession is hitting the region whereas in the private company-dominated south the Chinese economy performs really well.

Watch the interview here.

Source: CNBC