Riccardo Benussi and the Belgian-Chinese Chamber of Commerce Discuss China’s Two Sessions

On Tuesday, May 7, 2024, Riccardo Benussi, Partner at Dezan Shira & Associates, was invited to present on the topic of China’s Two Sessions and its implications for European businesses. He was accompanied by Mr. Bernard Dewit, Chairman of the Belgian-Chinese Chamber of Commerce (BCECC).

In his capacity as Director for Europe and Head of the German Client Services Desk at the firm, Riccardo began by offering a comprehensive overview of the Two Sessions, highlighting its significance as China’s paramount policy setting event. Touching upon the economic dimensions of the event, he clarified the government’s economic goals as presented in this year’s Two Sessions.

Riccardo highlighted two crucial elements of the government’s plan to bolster the economy and areas ripe for development: China’s “New Three” – solar photovoltaic technologies, lithium batteries, and electric vehicles; and China’s “New Productive Forces” – encompassing high technology, high efficiency, and high-quality production methods. This category includes advancements in AI, innovative pharmaceuticals, commercial aerospace, and other vital sectors.

Wrapping up his presentation, Riccardo outlined the implications of these advancements for European businesses and summarized the evolving dynamics of Belgian-Chinese relations. Following this, he and Mr. Dewit engaged in a brief Q&A session that marked the conclusion of the webinar.

Further Resources

You can view the recorded webinar here. For more resources on China, you can visit our Portal on Doing Business in China on our website China Briefing, where you can also find articles such as:

• China Sets 2024 GDP Growth Target at “Around 5%”: Key Highlights from the Two Sessions
• What to Expect from the 2024 Two Sessions – GDP Growth Target and Policy Agenda
• Challenges and Solutions for European Businesses in China: Insights from the EU Chamber’s Position Paper 2023/2024

You can also visit our publication store, Asia Briefing, which houses in-depth business guides and market, tax, industry, and policy reports for multiple regions in Asia.

Dezan Shira & Associates’ Presence in Europe

Europe maintains substantial trade and investment connections with Asia. As various regions in Asia experience rapid development, and with the EU actively pursuing trade agreements with Asian counterparts, there is a wealth of opportunities for European investors in the region.

Incorporated in Munich in January of 2021, Dezan Shira & Associates’ European presence serves as a first point of contact for European companies wishing to do business in Asia. In both the Munich and Milan offices, our European-based team works with a variety of partners to educate businesses on the economic performance and regulatory environment of developing Asian economies.

 

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