On 29 May 2017, the Benelux Chamber in Commerce in China, in collaboration with the Benelux Union, CHINALUX, Belgian-Chinese Chamber of Commerce (BCECC), and Moore Stephens Consulting China, held a special event "A Changing Chinese Economy, What does it mean for the Benelux?" at the Benelux Union.
Mr. Frederik Berckmoes-Joos, Chief Strategy Officer at Moore Stephens, presented the results of this year's Sino-Benelux Business Survey. This survey is conducted across different regions in China, including Beijing, Shanghai and Guangzhou/Shenzhen, and asks the Benelux business community via questionnaire and in-depth interviews about their performance and expectations in China.
About the Sino Benelux Business Survey
During previous year’s business survey, we learned that despite the slowdown of the Chinese economy, Benelux businesses were still performing well. Some were even beating the market with revenue growth above 10% and good profit levels. On the other hand, still some challenges remained. Rising salary costs has been one of the major negative drivers of Benelux companies, also they have indicated increasing rules and regulations would impact their company. Many changes happened again in 2016, including regulatory, foreign exchange and tax reforms, we have seen increasing focus on domestic consumption and rapid development of new industries based on new technologies (e-commerce, mobile payments, V.R etc.). Also, other global developments might impact geopolitical and economic balances and as a result Benelux companies active in China.
FOSTERING THE RELATIONSHIP BETWEEN CHINA AND LUXEMBOURG
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