European Business in China: Position Paper 2021/2022

Dear Members and Friends of SwissCham,

The CCI FRANCE CHINE and European Union Chamber of Commerce in China, in partnership with Benelux Chamber and SwissCham, are delighted to invite you to the presentation of the European Business in China Position Paper 2021/2022.

On 12th October, the European Chamber Nanjing will release the Chamber's European Business in China Position Paper 2021/2022, the culmination of six months dedicated work by our 35 working groups and sub-working groups. This year's Executive Position Paper looks into the 14th Five-year Plan (FYP), and identifies areas of risk and opportunity, both for European businesses and for China's economy.

China's impressive recovery amid the challenges of the COVID-19 pandemic saw many European firms' China operations stabilising their headquarters and making up for losses incurred in other markets. A significant number of European Chamber members posted record figures for revenue and profit in 2020, and China's economy looks set to remain strong for decades to come. According to International Monetary Fund forecasts, China will contribute more than a fifth of global GDP growth over the next five years, meaning its market is simply too important to neglect.

However, there are worrying signs that China's economy is turning inwards. The 14FYP sets a clear course for the country to reduce its reliance on the rest of the world, before ultimately achieving a high degree of self-sufficiency. The European Chamber believes that this is a calculated risk. China is gambling that it can successfully attain a higher level of innovation and manufacturing capability in the next decade or so that will allow it to lead in the technologies likely to define the future global economy.

Increasing control over the economy and pursuing a 'go it alone' strategy that will see China having to deviate further from the bold reform path it first embarked upon more than 40 years ago could have serious repercussions. These include decreased foreign direct investment (FDI), a deceleration of innovation capacity and reduced access to the core technologies China requires to upgrade its value chains. China's per capital GDP growth would also suffer, and the risk of it getting stuck in the middle-income trap would increase.

In this climate, there are still abundant opportunities for European companies, but identifying and engaging with them requires an increasingly sophisticated understanding of emerging policies. Join this event to find out more about how your industry fits in with China's strategic plans, and where your company can contribute to its long-term goals.

Best regards,

Your SwissCham Team

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In case you need to cancel your attendance to the event, please write an email to: events@sha.swisscham.org at least 48 hours prior to the event. Failure to cancel your RSVP timely will require the payment of a "no show bill" of the full amount stated in this invitation. You can contact Nini Qi by telephone: 021 5368 1237. For third-party events, the event terms and conditions of the event organizer apply.

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作为活动主（承）办方中国瑞士商会将在活动现场进行拍照，并可能在公共网页及社交媒体平台上公布照片用于活动后期宣传。参加中国瑞士商会的活动，我们将视同您默认我们有权因上述原因及以上述方式使用您的照片。如有异议，请联系events@sha.swisscham.org。

Please notice that Swiss Chinese Chamber of Commerce Shanghai (as the host of the event) will take photographs from the event and might post these on its public webpage and or social media platforms in order to create awareness of its events. By attending this event you consent to the Swiss Chinese Chamber of Commerce Shanghai taking and using photographs of you as described above. Please contact [events@sha.swisscham.org] if you have any inquiries related to this matter.