The EU-China Business Association and the Flanders-China Chamber of Commerce in partnership with The Conference Board are organizing a webinar on: 'Assessing COVID-19 Economic Impacts on China - Implications for Global Business'.
The business community is deeply concerned about the impact of the COVID-19 crisis on China’s economy, where it caused immense internal shocks on both supply and demand in Q1. Every company with a supply chain in China has been hit hard, some to the point of paralysis. So too for consumer companies impacted by store closures, worker quarantines, and operational bottlenecks – many of which continue to this day. The extent of China’s economic shutdown, and the breadth of the “restart” that is now taking place, are unprecedented in modern economic history. And now, the Chinese economy is being hit hard again by collapsing export demand as major economies around the world reel from COVID crises in their countries.
Foreign companies operating in China must prepare for slow growth, protracted volatility, and a possibility of ongoing virus outbreak conditions, that might last for months and involve broad ripple effects in China and globally.
Mr. David Hoffman, Senior Vice President Asia and Managing Director of the China Center for Economics & Business, The Conference Board
Mr. Filip Pintelon, Senior Vice-President, General Manager Healthcare Business Group, Barco
Ms. Gwenn Sonck, Executive Director, Flanders-China Chamber of Commerce, EU-China Business Association