China’s vast potential keeps growing, and this could make the country one of Denmark’s most important export markets in a few decades. But such a development requires the right framework conditions and reforms.
From Denmark’s 13th largest export market to the third largest in a few decades! This could be the reality if the Chinese economy continues its massive expansion, and if Danish companies can harvest the gain, according to a DI analysis.
Exports to China currently only make up 2 percent, but in 2030 they could grow to nearly 9 percent and in that case would only be surpassed by Denmark’s largest export markets, Sweden and Germany.
“The potential does not materialise automatically. If it is to be realised, several issues must be solved in favour of Denmark,” says DI Senior Consultant Morten Granzau Nielsen. He stresses that the companies must have the proper framework conditions.
Danish companies needs a large and qualified labour force if they are to continually develop and refine their products. Otherwise they cannot compete against other foreign companies targeting the Chinese market, but more importantly also against local Chinese companies who become increasingly competitive both domestically and globally.
China’s vast potential keeps growing, and this could make the country one of Denmark’s most important export markets in a few decades. But such a development requires the right framework conditions and reforms.
From Denmark’s 13th largest export market to the third largest in a few decades! This could be the reality if the Chinese economy continues its massive expansion, and if Danish companies can harvest the gain, according to a DI analysis.
Exports to China currently only make up 2 percent, but in 2030 they could grow to nearly 9 percent and in that case would only be surpassed by Denmark’s largest export markets, Sweden and Germany.
“The potential does not materialise automatically. If it is to be realised, several issues must be solved in favour of Denmark,” says DI Senior Consultant Morten Granzau Nielsen. He stresses that the companies must have the proper framework conditions.
Danish companies needs a large and qualified labour force if they are to continually develop and refine their products. Otherwise they cannot compete against other foreign companies targeting the Chinese market, but more importantly also against local Chinese companies who become increasingly competitive both domestically and globally.