Two Sessions of 2024: China’s Economic OutlookChina’s leadership has set a moderate growth target of „around 5%“ for 2024 amidst a backdrop of considerable economic headwinds, signaling a steadfast resolve to transform the nation’s growth model. This target, announced by Chinese Premier Li Qiang at the Two Sessions meeting, underscores a commitment to stability and high-quality development despite the challenges of a troubled property sector, deflationary pressures, and a volatile global economic climate.Stabilizing Through Transformation and Emphasizing “New Quality Productive Forces” This year’s government work report emphasized the critical need for transformation in China’s economic growth model, focusing on structural …
India’s New EV Import Policy: A Boon for Global Manufacturers?
India’s New EV Import Policy: A Boon for Global Manufacturers?To boost India’s electric vehicle (EV) industry, the government has unveiled a new import policy, having a two-pronged approach: first, to attract investments in premium EV manufacturing. This could bring globally recognized brands and advanced technologies to India. Second, the policy aims to promote localization, encouraging the domestic production of EVs. This focus on local manufacturing protects existing Indian companies that are currently catering to the price-conscious consumer segment with affordable EVs. By creating this framework, the government hopes to foster a sustainable EV ecosystem in India, with options for both …
Challenges within the German Automotive Network
Challenges within the German Automotive NetworkThe German automotive industry, renowned for its precision engineering and collaborative spirit between manufacturers and suppliers, is facing a tumultuous period marked by rising tensions between the major automakers and their suppliers. The strained relationship has led to significant disruptions and financial losses. The situation underscores broader challenges within the industry, including heightened cost pressures, increasing complexity of vehicle components, and shifting market dynamics.At the heart of the issue lies a breakdown in the traditionally close-knit partnership between the major automakers and their suppliers. Instances of faulty or delayed components, ranging from brakes to batteries, …
Navigating the ‚New China Playbook‘: Insights from CMS-EAC Seminar
Navigating the ‚New China Playbook‘: Insights from CMS-EAC SeminarAmidst the ever-changing landscape of global business, the CMS-EAC Seminar convened industry leaders and experts at the German Centre to explore the intricacies of the ‚New China Playbook‘. Against a backdrop of geopolitical tensions and evolving economic realities, the seminar provided a platform for robust discussions and insights into the challenges and opportunities facing foreign enterprises in China.The seminar commenced with a warm welcome speech, extending gratitude to esteemed panelists and attendees for their participation. Dr. Gang Yang, President of Trumpf China, and Mr. Ingarsia, CFO of Schaeffler Greater China, were among …
EAC – International Consulting: Four Years Running as „Best Management Consultants“
EAC – International Consulting: Four Years Running as „Best Management Consultants“EAC – International Consulting is elated to announce its recent achievement, securing its place once again as one of the „Best Management Consultants“ by brand eins business magazine. This prestigious recognition marks the fourth consecutive year of acknowledgment, a testament to the firm’s unwavering dedication to excellence and its remarkable ability to drive client success. Year after year, since 2021, EAC – International Consulting has consistently stood out, earning acclaim and receiving the highest ratings for its exceptional service.At the heart of EAC’s continued success lies a dedication to exceeding …
QUALITY CONTROL ORDERS (QCOs) IN INDIA – ARE YOU GOING TO BE IMPACTED?
QUALITY CONTROL ORDERS (QCOs) IN INDIA – ARE YOU GOING TO BE IMPACTED?India being a leading importer of various products for years has been putting in several efforts to control the quality of products imported in India. The requirement of quality control has originated owing to inadequacy of products meeting the qualification requirements and their failures of meeting safety, reliability, and standard quality norms. Quality Control Orders (QCOs) have been introduced by Indian government for critical products impacting consumer safety and is expected to be expanded to other products soon. These QCOs have an impact on imported products as there …
German FDI Targeting China on New Heights
German FDI Targeting China on New HeightsGermany’s financial engagement with China has soared in recent years, reaching a record of approx. €12 billion in Foreign Direct Investment (FDI) from Germany to China last year, as a recent study form the German Economic Institute shows. This investment trend underscores the complexity of the relationship between the two economies, as German companies seek to capitalize on China’s vast market despite government calls to reduce dependence.Investment in China has raised concerns in Germany and across the European Union. The German government has urged large companies to reduce their reliance on China, citing the …
India Review 2023: A Comprehensive Analysis of Growth and Opportunities
India 2023: A Comprehensive Analysis of Growth and OpportunitiesIn 2023, India marked significant achievements towards becoming a global superpower, including notable advancements in space exploration, demographic shifts, economic growth, and leadership on the global stage, particularly through a successful G20 presidency. The nation’s investment appeal is bolstered by its vast market potential, skilled workforce, and technological innovation, attracting significant investments in sectors like automotive and industrial manufacturing. With economic growth projected at 6.7% for 2023–24 and ambitions to reach developed economy status by 2047, India demonstrates a strong growth trajectory.EAC has expanded its presence and collaboration within India and globally, …
2023 Insights into China’s Business Landscape
China Business ReviewDear Readers & Business Partners, As we bid farewell to 2023, we take a moment to highlight the significant developments and achievements within China’s dynamic business environment, culminating in the completion of the 4th edition of our China Business Review. With anticipation, we look towards 2024, a year brimming with potential and opportunities. We are committed to advancing on this path together, fostering collective success, growth, and prosperity.The challenging phase that the world experienced during 2020-2022 and reflecting on how 2023 unfolded, the economic rebound has been advancing towards significant developments in the 1st year after the COVID …
Quo Vadis? Snapshot of the pharmaceutical industry in Germany
Quo Vadis? Snapshot of the Pharmaceutical Industry in GermanyHigh electricity and gas costs have impeded growth in the German pharmaceutical industry. But now, for the first time in over two years, the gas price went to its level of 2021 as it went below 30 Euros per megawatt hour in March 2024. High electricity and gas prices have been hindering growth in the chemical and pharmaceutical industries as they depend highly on energy for their operations.The adoption of a comprehensive pharmaceutical strategy by the federal government in December 2023 has instilled newfound optimism among industry players, signaling a renewed commitment …
FOM: Potential to transform India’s fertilizer landscape with a biogas byproduct
FOM: Potential to transform India’s fertilizer landscape with a biogas byproductNeed for an eco-friendly alternate to subsidized chemical fertilizers Indian agricultural sector has been extensively reliant on subsidized chemical fertilizers, which are available at more than 90% subsidy rates especially Urea, thus resulting in increased consumption, leading to concern about its negative impact on soil fertility and overall soil health. This concern about soil health however opens a huge opportunity for fermented organic manure (FOM), a sustainable and environmentally friendly alternative produced as a byproduct of biogas plant.India’s move towards increased utilization of Biogas & Organic fertilizer The Indian government …
EAC – International Consulting Expands Global Presence with New Office Launch in New York
EAC – International Consulting Expands Global Presence with New Office Launch in New YorkThe opening of EAC International Consulting’s New York City office, following its presence in Munich, Shanghai, Mumbai, and Kuala Lumpur, underscores the firm’s dedication to providing specialized, in-depth consulting services tailored to the dynamic needs of businesses navigating the complexities of the U.S. and North American markets. This expansion not only amplifies EAC’s capabilities in delivering strategic insights on USMCA-related incentives and clean energy initiatives but also reinforces its role in guiding companies through the intricacies of establishing and enhancing robust, globally integrated business operations.In an insightful …