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Risk Management

In: Business Opportunities and Risks in China

Author

Listed:
  • Tracy Dathe

    (Macromedia University)

  • Volker Müller

    (European Chamber of Commerce)

  • Marc Helmold

    (IU International University of Applied Sciences)

Abstract

In the past four decades, China economy was growing steadily, despite natural disasters, political disruption, international economic crises and the worsening effects of global warming. With the help of two very different examples—the financial crisis in 2008 and the Covid-19 pandemic—we show how political, economic, social and cultural factors contribute to a high degree of resilience of the Chinese economy. In the past few years, political relations between the EU and China have deteriorated. The EU has suspended signature of the Comprehensive Agreement on Investment and adopted a series of trade defence mechanisms, mainly directed against China. Despite an unfavourable political environment, trade and investment have so far developed positively. Especially MNC are developing strategies to mitigate risks caused by political interference. Despite negative headlines, economic relations between Taiwan and Mainland China develop positively; analysts rate the risk of doing business in Taiwan as low. Hong Kong will retain its status as a special administrative region (SAR) until 2047. The creation of the Greater Bay Area indicates a gradual integration of Hong Kong in Mainland China’s economy, creating new business opportunities.

Suggested Citation

  • Tracy Dathe & Volker Müller & Marc Helmold, 2023. "Risk Management," Management for Professionals, in: Business Opportunities and Risks in China, chapter 16, pages 197-209, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-031-31933-4_16
    DOI: 10.1007/978-3-031-31933-4_16
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