WELCOME TO SHANGHAI IN OCTOBER
The ongoing transformation of the second largest economy will impact global trade. Large nimble Chinese companies with innovative business models and technology are ready for the world stage. Previous drivers of economic growth are being seconded as domestic consumption are acting as the stabilising force in the economy. Environmental challenges are a top priority to tackle, digitalisation and automation are advancing its labour force and workplace and research and development are propelling innovation. This shift in the economy offers new opportunities and adjusted strategies for Norwegian companies. It is important to invite Norwegian decision makers for an update on China’s economy and its development. The government has indicated USD 750 billion will be invested abroad in the next five years by Chinese companies. Even as the Chinese government has enforced new regulations for foreign investments, acquisition of cutting edge technologies will still be greenlighted as it is expected to support domestic economic development. Technology that contributes to social happiness will be welcome, especially in clean-tech and renewables. Also, Chinese brands of consumer goods are having an increasing impact on foreign markets as they venture outside their own borders to capture new markets – China is going global, are we ready?

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ABOUT THE SUMMIT
Started in 1998 and organised by the Norwegian Business Association Singapore in co-operation with the Norwegian Ministry of Foreign Affairs, the event has evolved into a regional meeting place for business leaders in Norwegian industry with a focus on Asia. The event covers all of Asia and reflects Norway throughout the region. The summit is governed by a Steering Committee representing the largest Norwegian Business Associations in the region. Since 2010, the Norway-Asia Business Summit has become an annual event. Number of participants has ranged from 100 to 200 depending on location and accessibility.

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