Annual Economic Report: China Ð December 2014

by swisscham in Business

The Embassy of Switzerland in Beijing updated its annual report on the evolution of the Chinese economy: the appreciation of the economic situation, international and regional economic agreements, foreign and bilateral trade, direct investments, Swiss economic promotion are the main topics of the reports. After decades of rapid growth based on an economic model driven largely by exports and investments, China intends to more evenly share the benefits of its expansion among the population in the long run, filling the wealth gap created by rampant urbanization between rural and urban areas, raising living standards for the masses and lowering poverty and disparity within China. In opting for a more sustainable model led by consumption, innovation and quality, ChinaÕs leadership is embarking on a new round of reform which is setting new standards through a significant push towards a more market-based approach, streamlining administration, and delegating power.

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