Swiss Companies in China to Boost Investment
by swisscham in Business
Despite the strong Swiss franc and weak Swiss exports to China, the majority of Swiss companies based there plan to increase their investments. According to the 2015 Swiss Business in China survey, 72% of Swiss firms will boost their local investment. Moreover, 78% expect ÒhigherÓ or Òsubstantially higherÓ sales in China this year, compared with just 1% expecting lower sales. The survey, compiled by the China Europe International Business School, the Swiss Center Shanghai, the Swiss Embassy in China, Swissnex, SwissCham and China Integrated, comprises responses of 62 Swiss companies out of the total 368 foreign-owned enterprises. All together, some 254 Swiss companies are registered with SwissCham China. The first half of 2015 saw a decline in Swiss exports to most major markets, including a 6.6% drop in exports to China and Hong Kong. Yet the take-in is still significant.