In this podcast [40 min], Insightview has interviewed Steffen Schiottz-Christensen about how China's restart process is progressing. [the previous update was on March 18.] Steffen owns MAST Consulting. The Chinese company located in Chengdu provides consulting and investment advice in China based on Steffen's long experience in the country.
We discuss the fact that China's reopening of the economy seems to have been successful, but there is still talk of an unofficial unemployment rate of 20%. Also, the interview touches on the latest virus outbreak in Beijing, where the authorities have decided to shut down schools.
Furthermore, we discuss how to do business in a promising market with a more hostile environment for foreigners. The extent of hostility has surprised Steffen, although he believes that this has to be seen in the context of what happened in the first phase of the coronavirus outbreak in January.
Insightview asks Steffen about the economic impact of a strict zero-tolerance containment strategy. Furthermore, Insightview also asks how foreign companies should approach the Chinese economy if they do not know how to get their own people in and out of the country.
Music: music-of-nature, Melodyloops, license
