Joerg Wuttke, President of EU Chamber of Commerce in China, on Pandemic Impact on European Firms

The video discusses the economic recovery in China amid a challenging year, highlighting the uneven impact across sectors. It addresses the difficulties faced by European businesses due to travel restrictions and the slow progress in opening Chinese markets to foreign companies. The video also touches on the implications of Brexit and the decoupling between the US and China on global trade relations.

What was the economic trend in China during the second quarter of the year?

• A consistent decline

• A steady growth

• A collapse followed by a strong rebound

• A gradual decline

Which sector in China experienced uneven recovery post-pandemic?

• Manufacturing

• Tourism and transportation

• Agriculture

• Technology

What is a major challenge for European businesses operating in China?

• Travel restrictions

• High taxation

• Currency fluctuations

• Lack of skilled labor

What is the main reason for the lack of appetite in China to open borders?

• Economic reasons

• Political reasons

• Fear of COVID-19 cases

• Cultural reasons

What is the term used to describe the slow progress in opening up Chinese markets?

• Economic inertia

• Promise fatigue

• Trade barrier

• Market stagnation

What is the expected impact of Brexit on European businesses in China?

• Minimal impact

• Increased investment

• Complete withdrawal

• Significant disruption

What is a more severe concern than Brexit for European businesses in China?

• US-China decoupling

• Currency devaluation

• Rising labor costs

• Environmental regulations