Dr. Andreas Risch, chair of the European Chamber Nanjing Chapter, expressed his confidence in Chinese market.
The Nanjing Chapter has more than 120 members mainly in Jiangsu and Anhui provinces, including the BASF-YPC joint venture and developments of Siemens and BOSCH. It has played an active role in promoting the information exchange between government and industry. The chapter holds various meetings and events, such as annual dialogs at provincial and municipal levels to update policy changes, and collection of suggestions and feedback.
Dr. Risch said most European companies adhere to the principle of “In China, For China” in their business operations and also believe the government-industry communication in Jiangsu is very efficient so they have a higher sense of belonging to the region.
He also said the Jiangsu provincial government took early steps to allow foreign firms to compete on an equal footing with domestic companies. In the past two years, the provincial government has also introduced many measures to help European companies to tide over the difficulties caused by the pandemic, such as tax and fee rebates. Some companies that rented state-owned properties also enjoyed the rent reduction.
Dr. Risch has lived in China for 12 years and settled in Nanjing six years ago. He works as Managing Director of Fette Compacting (China) Co Ltd, which has its largest market in China.
In his view, Jiangsu is a very important manufacturing and trading hub in China, and the province’s cities including Nanjing, Kunshan and Taicang also boast full-fledged industries featuring a wide range of products and stable supply chains. He sees Jiangsu as an attractive investment destination. The COVID-19 outbreaks have also affected the European companies in the coastal province. But as coordination measures at the national and provincial levels have stepped up, such as the increasing use of waterway or railway transport, the logistics transport and supply chain are gradually getting back on track. “The china market is still attractive for most international companies. What we appreciate very much is that the regulatory gets clearer. Compliance rules have been established. So they are much more stable than in the past.”
"We definitely can work together to overcome the difficulties," said Dr. Risch.
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