Austria Connect 2016

From October 20 to 22, 2016, the AUSTRIA CONNECT Greater China took place for the first time in the Pearl River Delta metropolis of Guangzhou. Under the motto “Changing Environments”, this is a top top event of the Austrian business community in China.Global economists and company leaders closely follow the development of China’s economy this year. The turmoil of the Chinese stock market in January, rising labor costs and dwindling growth rates provide evidence that China has long entered the so-called “new normal”, a phase of reduced speed of development which triggers a number of socio-economic consequences. The urban and industrial transformation taking place in China pushes modernization, which in turn creates a shifting business environment and new opportunities for Austrian companies. This development is particularly visible in the Pearl River Delta.The exchange with representatives of Austrian businesses in China was at the heart of AUSTRIA CONNECT Greater China 2016. Expert presentations and panel discussions focused on specific consequences, challenges, and new opportunities China’s changing environment(s) may entail for Austrian companies doing business here. In addition, tailor-made intercultural and business workshops were offered to the conference delegates. Highlights of the conference’s social program included a Cantonese gala dinner and visits at the old and new town of Canton (Guangzhou).Fiducia Managing Director Stefan Kracht was invited to speak about “Shi San Wu – Opportunities arising from China’s new 5-Year Plan”. Business Development Manager Florian Braunsteiner also attended this event.