Podcast — 10 May 2022 FREE ACCESS

Podcast interview with Joerg Wuttke, President of the EU Chamber of Commerce in China: China is losing its credibility as the best sourcing location in the world

In this podcast [34 min], Insightview has interviewed Jörg Wuttke, President of the EU Chamber of Commerce in China, based in Beijing - an office he already held from 2007 to 2010 and from 2014 to 2017. Mr Wuttke is a member of the Advisory Board of the Mercator Institute for China Studies [MERICS] in Berlin. He has lived in Beijing for more than three decades.

We talk about the EUCCC's just-released survey on China's Covid-19 policy and the implications for European companies in China of Russia's war in Ukraine. [See the survey here.] Mr Wuttke underscores how China's zero-tolerance Covid strategy could soon make unprecedented global supply disruptions worse than in 2021 and 2020. "In Europe, you haven’t even begun to see the effects of these problems....The ships coming into Europe today left Shanghai before the lockdown," Mr Wuttke said last week in an interview.

Insightview asks Joerg Wuttke whether his latest statement that "China is losing its credibility as the best sourcing location in the world" was a warning to Beijing or European companies to stay away or maybe even leave China? This website also asks Mr Wuttke how he describes the relationship between China and the EU today after having told Insightview one year ago that "the atmosphere between China and the European Union was toxic."

In the podcast interview, we talk about localisation versus globalisation - and a slowing Chinese economy. In this context, Insightview asks Joerg Wuttke whether China will be an inflationary or deflationary factor in the future.

Music: Melodyloops, 'Technology Park' – by MediaM

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