27 May, 2020 | (01 hr)
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The business community is deeply concerned about the impact of the COVID-19 crisis on China’s economy, where it caused immense internal shocks on both supply and demand in Q1. Every company with a supply chain in China has been hit hard, some to the point of paralysis. So too for consumer companies impacted by store closures, worker quarantines, and operational bottlenecks – many of which continue to this day. The extent of China’s economic shutdown, and the breadth of the “restart” that is now taking place, are unprecedented in modern economic history. And now, the Chinese economy is being hit hard again by collapsing export demand as major economies around the world reel from COVID crises in their countries.
Foreign companies operating in China must prepare for slow growth, protracted volatility, and possibly ongoing virus outbreak conditions, that might last for months and involve broad ripple effects in China and globally.
Key questions to be addressed:
- What is the status of China’s economy across major sectors?
- Will consumption rebound in typical post-crisis fashion, as was the case with SARS in 2003?
- What policy measures is the Chinese government undertaking, and how much will they help?
- What operating environment changes in China should be anticipated in the wake of the crisis?
- How is the crisis impacting Sino-foreign relations, and what does the future look like for market bifurcation and supply chain decoupling in China?
This webcast is in collaboration with The Flanders-China Chamber of Commerce and The EU-China Business Association.
David Hoffman is responsible for development, thought leadership, and programming for The Conference Board of Asia, and for China-related business and policy-community engagement worldwide. His areas of expertise include:
Filip Pintelon GM Healthcare joined Barco in 2008 and has been successively President of Avionics & Simulation, President of Media, Entertainment & Simulation, and COO As of early 2015, he became General Manager of the Healthcare division.? Prior to joining Barco, he h...Full Bio