Join us for an essential discussion on the European Union's Carbon Border Adjustment Mechanism (CBAM) and its significant implications for businesses across the globe, with a specific focus on the impact on Danish and Chinese Companies. This webinar is invaluable for businesses exporting to the EU, particularly those in sectors such as steel, iron, aluminum, and fertilizers, all of which which will be required to comply with CBAM's demanding new reporting and financial obligations by 2026.

Key Takeaways:

• Trade Risks: Discover the challenges faced by China-based exporters navigating this complex regulatory framework.
• Mitigation Strategies: Learn about proactive measures companies can take to align with both local and EU-level regulations, minimizing disruptions.
• Practical Solutions: Gain actionable insights into carbon emissions monitoring, data exchanges with EU importers, and how to improve energy efficiency to reduce financial impacts.

Secure your spot today by clicking here (online participation) to stay ahead of this vital transition.  (For DCBF, DCCC, DCCHK, NBA China, SwedCham China and FinnCham China members only).

Speakers

Gain insights from Morten Højberg, Enviromental Economist at the Danish Energy Agency; and Sune Kåre Sørensen, Climate and Energy Attaché at the Embassy of the Kingdom of Denmark in China, as they share updates on CBAM regulations and key developments from COP29, equipping you to navigate this complex regulatory landscape with confidence.

Possibility for In-person Participation in Ningbo, Zhejiang

In-person participation will be available for this event, as the webinar will be part of an event hosted by Hoyer Motors Asia in Ningbo, Zhejiang.

The agenda for the in-person event will be as follows: 

• 1:45 pm – 2:00 pm | Registration and Welcome
• 2:00 pm – 3:45 pm | Introduction and Guided Site Tour
• 4:00 pm – 5:00 pm | CBAM Overview by Morten Højberg (Hybrid Webinar)
• 5:00 pm – 6:00 pm | State of the Union Update and Q&A with Consul General Mikael Hemniti Winther
• 6:00 pm – 7:00 pm | Networking Reception

For registration and further information about the physical event, please click here.

About CBAM

Since October 1st 2023, CBAM requires EU importers to report emissions for select goods. More stringent financial measures will take effect by 2026. Is your company prepared for this shift? Now is the time to understand and act.

Don't miss this chance to prepare your business for compliance.

This webinar is part of the webinar series 'Staying in Dialogue with China'. The series will bring you six webinars with distinguished China-based experts, concentrated between April and October 2024.

'Staying in Dialogue with China' is organized and hosted by China Macro Group (CMG), with Caixin Global as Anchor Partner, in cooperation with the China Europe International Business School (CEIBS), Chinaforum Bayern, Swissmem, the Swiss Chinese Chamber of Commerce (SCCC), the Danish-Chinese Business Forum (DCBF), SwissCham China, the Stein  am Rhein Symposium (stars), and the Sweden-China Trade Council (SCTC).

In the sixth and last session of the 2024 webinar series "Staying in Dialogue with China", Markus Hermann, Co-Founder and Managing Director, China Macro Group (CMG) will be talking to Prof. Xu Qiyuan, Deputy Director, Institute of Wolrd Economics and Politics (IWEP) at the Chinese Academy of Social Sciences (CASS), about China's "Domestic Demand System" as the sixth structural transition as per CMG's conceptual framework of China's political economy.

The topic of “domestic demand system” refers to China’s attempt to pivot to more consumption-oriented economic growth, while reducing its reliance on fixed asset investments and the trade surplus – a legacy from Beijing’s export-oriented growth model. China should rely more on domestic demand to drive economic growth, thus, in a state of an overall elevated level of marketization, household consumption should shape supply of services and production more strongly.

Against the backdrop of the Covid pandemic, it remained unclear how much policy emphasis would be placed on the building of “domestic demand system”. In China’s short-term policy goals over the past five years, the “demand side” received primary policy focus only once, during the Central Economic Work Conference (CEWC) in 2022, whereas the three preceding years as well as the 2023 CEWC all consistently prioritized the “supply side”, or the goal of achieving the so-called “modernized industrial system” over the “demand side”.

Notably, the new reform plan released during the latest Third Plenum also placed “domestic demand system” at a strategically lower position than the supply side. Nonetheless, it should not be ignored that the State Council published a comprehensive blueprint for “Domestic Demand Expansion Strategy” in December 2022, unifying diverse policy areas ranging from trade, to digital and urbanization into one overarching framework.

The bottom-line is that among the six structural transitions, CMG’s assessment concludes that the “domestic demand system” has seen comparatively least progress compared to the 18th Central Committee’s Third Plenum in 2013, as evidenced by the still very low household consumption as share of GDP of about 40% only.

Key questions CMG want to discuss with Prof. Xu in this coming webinar include:

• What exactly is a "domestic demand system" in the thinking of Chinese policymakers?
• How are "supply" vs "demand" side each seen strategically by the Chinese leadership?
• Are there structural levers or quick-wins to unleash more domestic demand to urgently and effectively revitalize the economy?
• What is the role of China's social security system to help unleash the domestic demand?
• What is the link between demand boost and "common prosperity"?

Members of DCBF can register for free - Click here to read more and sign up!