2018 - Nov 05, 2018
More chances for Swiss companies: China pushes for high-tech imports
- China’s President Xi Jinping launches the CIIE (China International Import Expo) to import more high-tech products and develop its industries and service sector. China’s hunger for technology is a big opportunity for Swiss companies, according to Swiss Centers China.
- From January to September 2018, Switzerland exported goods in the value of 13.3 billion Swiss francs to China and Hong Kong, mainly driven by strong machinery (+9.3%) as well as watches and precision instruments (+16%) exports.
- To support Swiss enterprises, Swiss Centers recently opened its new and latest business center in Shanghai’s Hongqiao district – between the city’s major transport hub and the National Exhibition and Convention Center where the CIIE is held.
Shanghai (November 5, 2018) – From November 5 to 10, China is holding its first international import exposition in Shanghai – the CIIE. President Xi himself will launch the Expo, China’s most important international event for 2018. It is part of the nation’s strategy shift from growth sustained by exports and trade surpluses to a more balanced trade and an economy powered by the domestic market. In the coming five years, China is expected to import products and services in the value of more than 10 trillion US Dollars.
Download the complete press release in English, German or French.
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