The normalisation of life in China after COVID management controls were lifted 12 months ago led many to think that a robust and swift economic recovery would follow. However, while it looks like the government’s official 2023 target of achieving around a five per cent growth rate will be met, a combination of economic challenges and policy developments have cast a shadow over the potential for a stronger economy in 2024 and beyond.
In China, consumer demand remains muted, the property market is still in the process of stabilising, and overall business confidence remains low. An increasing number of Chamber member companies are looking to alternative investment destinations to diversify and avoid excessive dependence on a single location; others are separating parts of their China operations from their global ones, to remain compliant with legislation in China and the rest of the world, as well as to guard against risks arising from geopolitical tensions. Some companies take a different approach, doubling down on their presence in China in view of the importance of their China activities to their global portfolio.
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2023-12-12 | 14:00 - 18:00
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Signature Ballroom, Hilton Beijing