Top execs weigh in on China's economic development

Austrian companies have entered the New Year with renewed optimism, expecting certainty as well as long-promised economic reform and improvements in fields like predictability and the rule of law.

By and large, Austrian companies are quite satisfied with their performance in the Chinese market, with most of their key business figures holding up in 2019. They have started to adjust their business models, putting a stronger emphasis on productivity gains in order to cope with increased competition and establishing strategic alliances with Chinese partners.