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 …
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 …
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 …
China Outlook for 2024: A Perspective from German Companies
China Outlook for 2024 A Perspective from German CompaniesIn the latest Business Confidence Survey (BCS) conducted by the German Chamber of Commerce in China, findings reveal a complex landscape of opportunities, challenges, and strategic shifts among German businesses operating in China. Conducted between September and October 2023, the survey engaged 566 member companies, offering a comprehensive insight into the German business sentiment within the Chinese market.Despite a slower-than-expected economic recovery with 52% of German companies that have been surveyed stated a decline in their industry, China’s importance to the German economy remains undiminished. As Germany’s most important trading partner for …
Navigating the Skies: An Overview of the Thriving China Aviation Industry
Navigating the Skies: An Overview of the Thriving China Aviation Industry In recent decades, the China aviation industry has soared to new heights, transforming itself into a global powerhouse. Marked by remarkable growth, strategic investments, and technological advancements, China’s aviation sector has become a key player in the global aerospace arena. This overview will delve into the important specifications of the China aviation industry, exploring key factors that have fuelled its rise and examining the industry’s impact on both domestic and international fronts.Aviation Industry Clusters in China: A Symphony of Innovation The aviation industry in China has witnessed significant growth …
Komplexität meistern: EACs Global Sourcing Chroniken
Komplexität meistern: EACs Global Sourcing ChronikenIn den letzten Jahren hat EAC mehrere Unternehmen bei globalen und regionalen strategischen Beschaffungsprojekten in verschiedenen Branchen unterstützt, darunter Industrie, Mobilität, Bauwesen, Energie und Umwelt, Chemie und Konsumgüter. Bei der Durchführung dieser Sourcing-Projekte sind wir auf einzigartige Herausforderungen und unerwartete Chancen gestoßen. In diesem Artikel möchten wir ausgewählte Beobachtungen und Erkenntnisse unserer EAC-Beschaffungsexperten zusammenfassen.Wachsende Bedeutung nachhaltiger Beschaffungspraktiken In der heutigen umweltbewussten Welt ist Nachhaltigkeit nicht mehr nur ein zweitrangiges Anliegen, sondern integraler Bestandteil einer erfolgreichen Geschäftsstrategie. Dies konnten wir feststellen, als wir ein führendes europäisches Unternehmen bei der Suche nach potenziellen Lieferanten für vier verschiedene …
Navigating Complexities: EAC’s Global Sourcing Chronicles
Navigating Complexities: EAC’s Global Sourcing ChroniclesIn recent years, EAC has supported multiple companies in global and regional strategic souring projects across various industries, including industrials, mobility, building & construction, energy and environment, chemicals, and consumer goods. While executing these sourcing projects, we have encountered unique challenges and unexpected opportunities. With this article we would like to summarize select observations and learnings of our EAC sourcing experts.Rising Importance of Sustainable Sourcing Practices In today’s environmentally conscious world, sustainability is no longer a secondary concern; it is an integral part of a successful business strategy. We observed this while assisting a leading …
Charting China’s Course: A Journey Towards Openness
Charting China’s Course: A Journey Towards OpennessIn 2023, China witnessed a commendable growth in its Gross Domestic Product (GDP), achieving a 5.2% expansion for the year. This growth not only aligned with the government’s annual target but also showcased a robust performance, especially in the fourth quarter, where the year-on-year GDP surged to 5.3%, surpassing the 4.9% recorded in the third quarter. Despite these positive indicators, the Chinese government is gearing up to provide additional support to its economy and trade in 2024. In this EAC Executive Briefing, we will delve into the significant developments that unfolded in the latter …
Automechanika Schanghai 2023
Automechanika Shanghai 2023Der China Auto After-Sales Market Entrepreneurs Boundless Summit und die AMR High-End Cocktail Party wurden erfolgreich in Shanghai abgehalten. Die Veranstaltung wurde in einem komfortablen, freien und offenen „TED TALK“-Vortragsformat abgehalten, um zukunftsweisende Ideen zu verbreiten und eine Plattform für Diskussionen auf höchster Managementebene zu schaffen. Unsere Managing Consultant, Frau Addie Wei, hielt einen Vortrag mit dem Titel „The Roadmap of Chinese OEMs Going Global and Opportunities in the Chinese After-Sales Market“.In ihrem Vortrag hob Frau Wei hervor, dass mit dem kontinuierlichen Wachstum des Marktanteils von intelligenten Elektrofahrzeugen die Beziehung zwischen Automobilunternehmen und Kundendienstanbietern einen Umgestaltungsprozess durchläuft. Dieser …
Automechanika Shanghai 2023
Automechanika Shanghai 2023The China Auto After-sales Market Entrepreneurs Boundless Summit and AMR High-end Cocktail Party were successfully held in Shanghai. The event adopted a comfortable, free, and open „TED TALK“ speech format to disseminate leading-edge thinking and establish a platform for top-level management discussions. Our Managing Consultant, Ms. Addie Wei, delivered a speech titled „The Roadmap of Chinese OEMs Going Global and Opportunities in the Chinese After-sales market.“In her presentation, Ms. Wei highlighted that, with the continuous growth in market share of intelligent electric vehicles, the relationship between car companies and after-sales service providers is undergoing a reshaping process. This …
Globale Herausforderungen bei der Herstellung von Windturbinen und der Lieferkette
Globale Herausforderungen bei der Herstellung von Windturbinen und der LieferketteWie kann man die Wettbewerbsfähigkeit steigern und Risiken ausgleichen? Die Windenergie ist eine der am schnellsten wachsenden Energiequellen der Welt, angetrieben durch unterstützende Gesetze in den USA, der Europäischen Union, Indien und China, doch die freien Kapazitäten sind begrenzt und werden wahrscheinlich bis 2026 verschwinden.Die Windenergie ist eine der besten Quellen, um die Schmerzen und Herausforderungen des Klimawandels zu lindern. Angesichts des steigenden weltweiten Strombedarfs, der Prognosen zufolge bis 2030 um 25 % auf ~30k TWh1) steigen wird, sind die Entwicklung und Nutzung von Windenergie und anderen erneuerbaren Energiequellen unverzichtbar und …