As reported by (Re)in Asia, Rebekah Khew, APAC Director at +8 Partners company Vivace Insurance Partners, shares her views.
At a time when the spotlight is on rising marine rates due to the conflicts in Ukraine and Israel, China and India are looking inward at how they can reduce their vulnerability to global events like the COVID-19 pandemic and geopolitical developments.
“During the COVID-19 pandemic, China’s implementation of stringent control measures, including travel bans, quarantine, vaccinations, and testing led to — or accelerated — the closure (or) withdrawal of many foreign companies from the Mainland,” said Rebekah Khew, APAC Director at Vivace Asia Pacific.
“Post-pandemic, it’s unsurprising to see China re-engaging on the international stage to entice foreign companies to enter or re-enter the market,” she added.
However, an apparently perfect storm of appetite, market, and regulatory opportunity does not mean instant success.
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