Horasis convened its annual Horasis China Meeting in Kyiv, Ukraine, over 14– 15th October, 2018 – co-hosted by the Ukrainian Government, Global Transformation Platform and the China Federation of Industrial Economics. More than 300 participants from business and government joined an intense two-day programme designed to cover opportunities and challenges that Chinese firms need to identify and address successfully as they move abroad. Download the report and visit the photo gallery.
The 2018 Horasis China Meeting played an accelerating role in the rapidly expanding trade and foreign investment between China and the Ukraine. Both countries have strengthened their political and economic dialogue in recent years. Henry Shterenberg, Chief Executive Officer, Global Transformation Platform, Ukraine, announced the implementation of long-term strategies for an enhanced economic partnership between Ukraine and China. Vladimir Stavnuk, Head, State Financial Institution for Innovation, Ukraine, pointed out how Ukraine become a central hub on China’s New Silk Road. According to Xiong Meng, Executive Vice Chairman, China Federation of Industrial Economics, Ukraine shall be China’s partner of choice along the Silk Road Economic Belt.
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| Xiong Meng, Executive Vice Chairman, China Federation of Industrial Economics | Henry Shterenberg, CEO, Global Transformation Platform, welcoming participants |
‘A rising middle consumer class and further reform efforts are key factors behind China’s ability to continue thriving economically, despite ongoing trade frictions with the United States,’ said Zhang Jianwei, Vice Chairman, Sinotrans, China. According to Harry Hui, Founder and Managing Partner, ClearVue Partners, China, the country’s direction on reform is clear, and the reaction of foreign firms to recent developments in improving the investment conditions for foreign firms has been rather positive. Shen Andong, Vice Chairman, Beijing Automotive Group, China, highlighted the government’s plans to gradually remove caps on foreign ownership of ventures China’s automotive sector. Commenting on China’s financial sector, Borja Gonzalez del Regueral, Vice Dean, IE School of Human Sciences and Technology, Spain, stressed the gradual opening up of the sector, with foreigners residing in China now able to invest in equities, and overseas firms getting the permission to take majority stakes in securities and insurance firms. ‘China is the world’s new engine of sustainable growth,’ concluded, Zhi Peng, President, Tsinghua Asset Management Group, China.
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| Zhang Jianwei, Vice Chairman, Sinotrans, China | Vladimir Stavnuk, Head, State Financial Institution for Innovation, Ukraine, welcoming participants |
Pat Cox, former President of the European Parliament pointed to the new socio-economic environment for China and Europe: ‘China has arrived at its new normal of slower but highly sustainable economic growth. China is Europe’s natural partner – we need more interaction and dialogue between China and Europe.’ Sundeep Waslekar, President, Strategic Foresight Group, India, called on China and its Asian neighbours to undertake joint efforts to improve trade and mutual investments. ‘We need to continue the path of multilateralism,’ he said.
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| Pat Cox, President, Jean Monnet Foundation for Europe, Switzerland, former President of the European Parliament | Jackie Wang, Founder and President, China Women School and Future China Society |
Ukraine’s economy, focusing on technology and innovation, is expected to grow strongly over the next couple of years, as Daniel Bilak, Director, UkraineInvest; Chief Investment Advisor to the Prime Minister, Ukraine, put it. ‘Investments and openness are the elements that drive our economy, and China shall be our key economic and political partner,’ he added. Sergiy Nizhynskyi, Director, Secretariat of The Cabinet of Ministers of Ukraine, Ukraine, emphasised that ‘China’s path to an innovation-driven economy opens opportunities for capitalisation, investment and market access to Ukraine.’
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| Ribbon Cutting at the Horasis China Meeting | Closing Plenary – What’s Next for Chinese Firms |
The co-chairs were:
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Anson Chan, Chairman, Bonds Group of Companies, Hong Kong SAR |
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Pat Cox, President, Jean Monnet Foundation for Europe, Switzerland; former President of the European Parliament |
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Feng Jiacheng, Chairman, Guangdong Hunational Investment Industrial CO., China |
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Borja Gonzalez del Regueral, Vice Dean, IE School of Human Sciences and Technology, Spain |
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Harry Hui, Founder and Managing Partner, ClearVue Partners, China |
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Liu Changle, Chairman, Phoenix Satellite Television Holdings, China |
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Shen Andong, Vice Chairman, Beijing Automotive Group, China |
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Stan Fung, Managing Director, FarSight Ventures, USA |
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Henry Shterenberg, Chief Executive Officer, Global Transformation Platform, Ukraine |
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Jackie Wang, Founder and President, China Women School and Future China Society, China |
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Sundeep Waslekar, President, Strategic Foresight Group, India |
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Xuan Ruiguo, Chairman, China Automation Group, China |
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Zhang Jianwei, Vice Chairman, Sinotrans, China |
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Zhang Xiaodong, Chairman, Winhopes International Group, China |
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Zhi Peng, President, Tsinghua Asset Management Group, China |
Horasis: The Global Visions Community is an independent international organization committed to inspiring our future. In addition to the Horasis China Meeting, Horasis hosts the Horasis Global Meeting as well as other regional events focusing on India and South East Asia.
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The UK wants to build on its relationship with China, which has strengthened significantly in recent years, and establish a sound post-Brexit dialogue.
Nigel Knowles, Chairman, Sheffield City Region, United Kingdom
China and UK highly complemented each other in terms of industrial structure, international division of labour, R&D and innovation capabilities.
Xiong Meng, Executive Vice Chairman, China Federation of Industrial Economics, China
China’s economic development is shifting from high-speed growth to a higher-quality development stage.
Guan Jianzhong, Chairman, Dagong Global Credit Rating, China
China’s macroeconomic environment remains favourable, with low inflation, high savings rates and moderate levels of debt.
Deborah Wince-Smith, President, United States Council on Competitiveness, USA
The Chinese automotive industry will further expand, incorporating electric vehicles.
Jiang Zili, Vice Chairman, Beijing Automotive Group, China
We need to build technology based plans. That’s what China is doing well today, understanding that technology based planning is the source of competitive advantage.
Emmanuel Justima, Chief Executive Officer, Modricenir, Haiti
The liberalisation of the RMB will lift global growth through better trading fundamentals.
David Wright, Senior Advisor, Barclays International, United Kingdom
China will work with other nations to build a global community with a shared future.
Hu Liyong, Chairman, Juru Asset Management Group, China
China has gripped benefited of globalization, and it will continue to do so.
Sun Shengming, Vice Chairman, Ginwa Investments Holding Group, China
The west needs to deepen their understanding on different history and culture and politics of China.
Lord Alderdice, Member of the House of Lords, United Kingdom