China’s demand for Swiss machinery keeps growing
In the first six months of 2018, Swiss companies exported machinery products
in the value of 1.45 billion CHF to China and Hong Kong, a plus of 10.2%
compared to the first half of 2017. China’s thirst for automation increases the
demand for high quality machines.
China and Hong Kong remain the third biggest market for Swiss machinery exports, behind Germany (4.1 bio CHF) and the USA (1.8 bio CHF).
Due to the increasing spending power of the growing Chinese middle class, Swiss watches and precision instrument exports to China and Hong Kong grew by astonishing 17.5% to a value of almost 4 billion CHF in the first half of 2018.
Picture: Founded in 2000 as a non-profit, Sino-Swiss, public-private partnership, The Swiss Centers China (SCC) is by far the largest cluster of Swiss enterprises in Asia.