2014 - Dec 03, 2014
Swiss machinery exports to China gaining momentum
- In the first ten months of 2014, Swiss machinery exports to China (incl. Hong Kong) grew by 9.1% year-on-year, faster than to all the other main markets.
- The fast growth of the Chinese economy, the Sino-Swiss FTA and the growing need for automation and high-quality are very strong fundamentals for this trend to stay, says the Swiss Center Shanghai.
Shanghai (2 December 2014) – Swiss machinery exports to China are picking up: From January to October 2014, machinery in the value of 2.3 bio CHF has been exported to China (incl. Hong Kong) – an increase by 9.1% year-on-year. “This is the highest growth rate of all the main markets for Swiss machinery exports. In comparison, exports to Germany (-0.4%), France (+1%) and Italy (-1.6%) remained static, whereas the US (+8.1%) is the second strong growth market”, analyzes Nicolas Musy, Managing Director of the non-profit Swiss Center Shanghai (SCS), the largest cluster of Swiss enterprises in Asia.
Media release in English, French, German
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