Year of the Horse: Chinese Economy Aims to Take on the Hurdles and Gallop

by swisscham in Business

As hundreds of millions of Chinese greet the Year of the Horse with fireworks and celebrations, business leaders expect 2014 to be a turning point for the worldÕs second largest economy. ÒThe establishment of the Pilot Free Trade Zone in Shanghai is the starting signal for significant change and a new round of liberalizationÓ, states Nicolas Musy, Managing Director of the non-profit organization Swiss Center Shanghai (SCS). The recently started Shanghai Pilot Free Trade Zone is the first of many liberalization steps to come: Favorable policies for SMEs and foreign companies to strengthen private sector. Swiss Center Shanghai opens the Swiss Machinery and Trading Center in the Shanghai Pilot Free Trade Zone. In addition, Swiss companies in China are increasingly confident about business in 2014, according to a recent survey by the China Europe International Business School and the Swiss Center Shanghai.

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