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MNI INTERVIEW: China’s Energy Costs To Jump As Growth Rebounds

MNI (BEIJING)
(MNI) Beijing

Foreign companies can’t afford to side-step China’s growing domestic demand despite rising energy prices, said EU Chamber of Commerce in China President Joerg Wuttke.

China’s energy prices will jump once the economic recovery gathers steam, but that won’t deter foreign industrial companies from investing more capital to tap prospective growth in domestic demand, Joerg Wuttke, President of the European Union Chamber of Commerce in China, told MNI.

Despite wariness among some European nations about their exposure to China’s economy, Wuttke said Asia’s largest economy is too big to ignore as an investment destination given the strong demand outlook for industrial sectors like chemicals, machinery and vehicles.

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China’s energy prices will jump once the economic recovery gathers steam, but that won’t deter foreign industrial companies from investing more capital to tap prospective growth in domestic demand, Joerg Wuttke, President of the European Union Chamber of Commerce in China, told MNI.

Despite wariness among some European nations about their exposure to China’s economy, Wuttke said Asia’s largest economy is too big to ignore as an investment destination given the strong demand outlook for industrial sectors like chemicals, machinery and vehicles.

Keep reading...Show less