The IMF recently published its latest World Economic Outlook Update. The forecasts are not surprising: “The global economy is beginning to pull out of a recession unprecedented in the post–World War II era, but stabilization is uneven and the recovery is expected to be sluggish.”
However the situtation is different in China, which is expecting 7.5 % growth in 2009 and 8.5 % in 2010.
Data source: IMF / Chart: PBN
While the output in the Euro area is expected to be -4,8 % in 2009 and still negative in 2010, the Chinese economy is recovering very fast, reaching as high values as in 2007.
How can we profit from this Chinese growth here in Central Europe?
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Another way to look at this is how do YOU (Robert, PBN) intend to profit from the Chinese recovery?
We’ve talked about China a few times (at meetings, while driving) and I know that you guys have been thinking this over.
Any interesting plans that you can share?
Exactly! I agree with Steve. Its not a question of “How can Centrope profit from the Chinese recovery” but more “how I personally (or my own business) benefit from the Chinese recovery to advance my business, product, service and market”
The point here is, if the Chinese market is recovering, then isnt this a good place to go and seek out new business? or expand your market share? or establish new channel partners, contacts, etc?
This is an area that our own company, MNG Europe SA, is very interested in for the exact reasons mentioned above. Something to consider.