Octagona Srl/Internationalization News/Xi Jinping's five-year plan and the new challenges for European exports
Xi Jinping's five-year plan and the new challenges for European exports

Xi Jinping's five-year plan and the new challenges for European exports

The Beijing Plan traces the development goals in line with the latest events which have shaken the global economy and which will change the geopolitical balance in the years to come. In a context where the globalization is proving fragile and technological competition fierce, Xi JinPing has already given a precise orientation to his future political line.

The cornerstone of the Plan concerns "Dual Circulation" through which China will intensify and it will encourage home economics in the same way, if not more, of international tradeespecially in some sectors. Technological innovation was put to center of discussion: China's manufacturing industry will focus on it to increase product quality and achieve independence in some sectors

The discussions on the Plan they come at a time of great tension with the United States and during a health crisis that has had a huge impact on the global supply chain. For this reason, the five-year planning will have to be flexible enough to respond to the rapid changes that the whole world is facing. 

However, one figure that stands out is certainly that relating to GDP growth of China: it is indeed the first major world economy to record a positive growth ratedespite the global pandemic. 

European companies already present in China they seem to confirm, currently, their trust in the Asian giant. From the 4th Position Paper of the European Chamber of Commerce, which monitored 600 leading companies in the financial economic sector in the Chinese market, in fact emerges that 88% of companies already active in the country have no future investment plans elsewhere nor is he thinking about a reshoring, and that the 38% of large companies is already planning further investments.  

Different scenario for European SMEs, which have suffered a major setback due to Covid, of excessive quarantine policies and some travel restrictions which still prevent the European representations from returning to China, damaging investor confidence towards the market. 

In this context it will therefore be necessary for small and medium-sized enterprises, both those already present and those intending to approach the Chinese market for the first time, develop a real long-term strategy that can take all these changes into account

SHARE ARTICLE

If you want to learn more about the content of this article

RECENT ITEMS

Internationalization strategies: the use of LinkedIn Sales Navigator

Internationalization strategies: the use of LinkedIn Sales Navigator

Nell'ambito delle strategie di internazionalizzazione, individuare nuove opportunità rappresenta un costante impegno per le imprese. Ecco che LinkedIn Sales Navigator emerge come...
Exports in ASEAN, the effects of growing digitalisation

Exports in ASEAN, the effects of growing digitalisation

Nella regione dell'ASEAN, la possibilità di usufruire di una connessione ad internet sta crescendo rapidamente, registrando un flusso costante di 125 mila...
Opening a company in the United States: what you need to know

Opening a company in the United States: what you need to know

Opening a company in the United States represents an attractive opportunity for many Italian companies. This is evident when you consider the large population of...

Get in contact
with us

Are you interested in our service?
Fill out the form or contact us at the number
+39 059 9770184