The Flanders-China Chamber of Commerce and The Conference Board are organizing a webcast to gain a better understanding of the current environment and implications for foreign businesses on February 22, 2022 at 09:00 AM CET [09:00] (Brussels), 04:00 PM SGT [16:00] (Singapore).
The current operating environment in China is being shaped forcefully on the one hand by changes from the pandemic as well as intensifying domestic economic imbalances, and on the other government initiatives to rectify what China’s leadership has identified as serious ideological deficiencies in the commercial and social spheres associated with “disorderly capital expansion” and societal disarray.
The risks currently being targeted by China’s leaders have recently focused on the massive wealth accumulation by Chinese entrepreneurs, the capture of market data by private firms, and the oligopolistic business practices in the marketized parts of China’s economy. To address these risks, the increase of Party/state control appears to be happening everywhere.
Debate is rife about whether these current developments are primarily political and control oriented, or visionary and “managed reform” oriented and aimed at resolving longstanding social and economic problems to create a better and more egalitarian future for China. This question is of huge consequence for foreign investors in China.
Key learnings:
• The economic circumstances that contextualize China’s “Dual Circulation” and “Common Prosperity” policy shifts
• Private sector rectifications and implications for the future role of markets in China
• Forecasts for changes to the business environment in China in the run up to the Fall 2022 20th National Party Congress and beyond
• Repositioning imperatives for foreign companies in China
Speaker: David Hoffman, Senior Vice President Asia and Managing Director of the China Center for Economics & Business, The Conference Board
Moderator: Gwenn Sonck, Sinologist, Executive Director, Flanders-China Chamber of Commerce and EU-China Business Association.
