How do you see the consequences of the geopolitical tensions between the US and China?
The rivalry between China and the US, has a favorable influence on the opportunities for European companies doing business in and with China. Of course, the tides political relationships are felt by European companies and also by Chinese companies in Europe, for whom the Benelux is one of the most important entry points to the European market. China is aware that from an economic point of view, Europe is the most important alternative to the US.
As a large country, China has many internal challenges (such as an aging population and a lack of raw materials), and if Covid has shown anything, it is that sticking to a political agenda also has harsh economic consequences. This is crucial because economic well-being is widely seen as the basis of the population’s support for the Party, and throughout Chinese history, this is how dynasties have always fallen. The Party is always aware of this.
So, in the short and long term, I expect China to be very open to economic cooperation with Belgian companies. As the Benelux Chamber of Commerce in China, we can help with this, and as a non-profit network organization for the business community in China, we work closely with organizations such as FIT, AWEX, and Hub.Brussels to provide services.
For more information about the “Benelux Chamber of Commerce in China” and its network of 350 Benelux companies in China, please contact us via firstname.lastname@example.org