Finnish experts predict strong growth phase in China’s economy

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10th June 2023 – (Helsinki) Finnish experts have predicted a strong growth phase in China’s economy, according to the latest edition of the “China Review” published by the Finland Chamber of Commerce on Friday. The report notes that China’s economy has grown strongly since the end of last year, with forecasts generally being updated upwards by analysts. Several joint Finnish-Chinese projects are currently underway in energy production, distribution, and storage.

Most of the Finnish companies active in China are successful and optimistic about China’s economic growth, according to the report. A business survey conducted earlier this year found that almost 80 percent of respondents expected turnover, profitability, and investments to increase in China this year.

The report also highlights the importance of cooperation with China in achieving a successful green transition, with opportunities for Finnish companies in low-carbon solutions, emission-free transport, digitalization, health technology, and smart health services.

The “China Review” was written by Finnish experts from the country’s Ministry of Foreign Affairs, Ministry of Economic Affairs and Employment, the Bank of FinlandBusiness Finland, and the Finnish Institute of International Affairs.