‘The magic of China’: still lots for foreign firms, top business leader says
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Joerg Wuttke, the president emeritus of the European Union Chamber of Commerce in China, discusses China's economic rise, tensions with the US and EU, and the impact of overcapacity. He praises Deng Xiaoping and Zhu Rongji as visionary leaders. Wuttke warns that China must avoid hubris and learn from other economies. He believes that China's rising nationalism could be dangerous if it leads to less tolerance for different voices. Wuttke also discusses China's tensions with the US, the issue of overcapacity, and the need for China to focus on the service sector. He suggests that China needs to attract more foreign investment and create a business-friendly environment. Wuttke expresses concern about declining interest in learning Chinese and understanding China among young people in the West. He suggests that China should showcase its humanitarian acts and play a role in the reconstruction of Ukraine. Wuttke predicts a more fragmented world and suggests that China can draw inspiration from other East Asian economies.
#China #ForeignFirms #EconomicRise #Tensions #Overcapacity #Nationalism #ForeignInvestment