On 11 and 12 October 2023, Horizons will be exhibiting at the Go International Fair in Milan.
Organised by the Italian Foreign Trade Association, Go International is a three-day event that offers business partners and workshop know-how for companies to take the necessary steps to global expansion. The fair is a fantastic opportunity for any company seeking a new market or in an international market to connect with new customers and business partners.
Italy Exports to China Reaches a Monthly Record
With Italy's exports to China reaching a monthly record of €3 billion ($3.3 billion) in February 2023, a 62% surge from the same period in 2022, Horizon retains confidence in China's inbound investment. Despite raising geopolitical tensions between the West and China, China remains committed to multilateralism and warns about the negative impact of international sanctions and decoupling on the global economy – considering them a 'double-edged sword'. Today, China is still a profitable and dynamic market for foreign brands; however, the focus is on delivering sustainable economic growth fueled by quality over quantity. Therefore, Chinese consumers are favoring high-quality brands that are culturally localised, over just 'foreign' branding.
On the regulation side, rapid legislation reforms have optimised the business environment and curbed irregular business practices in China. Today, regulators leverage big data to detect and investigate companies operating in the grey and issue penalties to violators. Specifically, violating companies are listed as Enterprise with Abnormal Operations and it will become an irreversible record for the company. With stricter enforcement, companies wishing to seize opportunities in China need sturdy regulatory compliance and corporate governance -operating in the grey is a big no-no and will face penalties.
Go International Fair
At the Go International Fair, Lucia Myriam Netti, Regional Partner EMEA, will hold three workshops addressing China's regulatory compliance and corporate governance. Highly experienced in China inbound investment, Lucia will share best practices in activating legal tools for corporate governance and regulatory compliance, and robust commercial contracts for importers and exporters.
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