On the evening of 12 March, CHINALUX Event Global Economic Outlook took place at Linklaters Luxembourg. As of 2024, the world economy continues to recover from the impacts of the pandemic, with varying degrees of progress across different regions. In particular, the Chinese market remains a key player, driving global economic growth with its focus on innovation and sustainable development. China’s commitment to the green economy is evident through its investments in renewable energy, electric vehicles, and environmental initiatives. These efforts present opportunities for both domestic and international businesses, contributing to the growth of the global green economy. The event was sponsored by our Founding Member Linklaters.

To start, Mr. Jacques Bortuzzo, Vice President of the China-Luxembourg Chamber of Commerce, gave a brief introduction on today’s agenda and guest speakers.

Ms. Zhujun Xie, President of the China-Luxembourg Chamber of Commerce, delivered a welcome speech to everyone who made it to the event. Special thanks to the presence of Ms. Wang Yuan, from the Chinese Embassy in Luxembourg. Considering the current complexity of the global economy, we should not only seek for knowledge, but also for collaboration and joint efforts. She expressed her heartfelt welcome to all the distinguished guests and speakers, as well as sincere gratitude to Linklaters for their support.

Mr. Nicki Kayser, National Managing Partner, Linklaters LLP, welcomed all the guests at Linklater’s office. He emphasized Linklater’s long-term relationship with CHINALUX, which has always played an important role in promoting trade and fostering cultural ties. It’s essential to build bridges between Luxembourg, a tiny yet important European nation and China, one of the largest economies on the global stage. He wished all the guests to be enlightened by the speeches from our speakers.   

Afterwards, Mr. Vincent Juvyns, Executive Director, Global Market Strategist, JP Morgan Asset Management (Europe), took the microphone and gave a passionate and comprehensive analysis on the world economy by showing data and trends on inflation, economic growth, consumer confidence, purchasing power, employment rates, etc. He confirmed the efforts and position that China has in terms of the green economy.

This event also had the pleasure to invite Mr. Li Xiao, Head of Settlement and Cash Management, ICBC (Europe) to join us. The green economy has been put on the agenda of China for a long time. The pursuit of sustainability on top of economic development proved to be successful and effective. He detailed efforts taken by Chinese banks as green economy players.

Mr. Jacques Bortuzzo, Vice President of the China-Luxembourg Chamber of Commerce, thanked the speakers for their sharing and insights before passing the microphone to our audience for further discussion. The audience raised many interesting questions that were answered by the speakers.

In the end, a cocktail reception was served for all our guests. We are always delighted to see members and friends greet each other in a good mood. With the good weather in the corner, CHINALUX wishes you a great Easter Holiday ahead and hopes to see you very soon!