msn.com 18 Sep, 2020 08:30 am

"China did the right thing at the right time," says Swiss banker

A worker prepares to unload cargo containers from the China-Europe freight train at the BILK logistics center in Budapest, Hungary, on April 27, 2020. (Photo by Attila Volgyi/Xinhua) - "China became an example of efficient dealing with uncertain events like the global pandemic. It was because of the resources China has, whether manpower or technology." - "I believe that China's economic transformation and modernization will make the processes of...

Interview: "China did the right thing at the right time," says Swiss banker N.18 (Xinhua) -- China has done "the right thing at the right time" in its response to the COVID-19 pandemic, said Fiorenzo Manganiello, first vice president of the Swiss private bank Banque Profil de Gestion (BPDG).China's further economic opening-up and a simplified regulatory environment are good news for foreign investors, Manganiello told Xinhua in a recent interview.The Chinese government has taken a batch of measures to further open up the world's second-biggest economy and improve the business environment for foreign investors, such as shortening the negative list for foreign investments and enhancing protection of intellectual property rights.

This is a key for foreign investors like us as the conditions for doing business are favourable," he said.It was because of the resources China has, whether manpower or technology," Manganiello said.

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