Colin rainsforth, manager of UK trader absolute advantage, said in an interview that the outbreak would not affect his company’s future business in China, xinhua reported.
‘China is a huge market of 1.4 billion people, with a rapidly growing middle class, and there is a huge demand for high-quality goods,’ Mr. Rainsforth said of the bullish case for China. Some world-renowned British brands of chocolate, ice cream and wine are favored by Chinese consumers. “I think there will be a lot more demand coming from China than from Europe and the us.”
Speaking about the potential impact of the current outbreak on the company’s business, rainsforth said: ‘the impact is not obvious at the moment. The impact in the future may depend on two things. One is China’s economic fundamentals and consumer confidence.’ The other is whether the export of some food raw materials such as condiments will be affected. “In the short term, the outbreak will affect China’s economic growth, but the impact will be temporary. “In the long run, the fundamentals of the Chinese economy remain positive.”
Rainsforth said the Chinese government has taken timely steps to mitigate the economic impact of the outbreak, “which is not only good for the Chinese economy, but also good for the world economy. This is a time when the world should unite, not isolate China, which would be bad for trade.”
“Staff in the Shanghai office will work from home until the 21st of this month. The current outbreak has not materially affected our work. Although the customer visit activity has stopped, we have no products in China, so the impact is not big.” “Said the head of a us asset management agency’s head of markets. Asked if the outbreak would affect the company’s licence application process, the marketing executive said: “it’s not a big deal, it’s still on track. I haven’t submitted my application yet. I will do my homework first.”