China important market for Swiss firms, says top official

China is a very important market for Swiss exports and investment, attracting large numbers of Swiss small-and medium-sized companies eager to expand their businesses and seek cooperation opportunities, a senior Swiss diplomat said.

China is rapidly developing in terms of innovation and a batch of high tech Chinese companies have emerged, said Yves Morath, counselor and head of the Swiss Business Hub China at the Embassy of Switzerland in China. He emphasized that the nation has become the most significant export market for Switzerland in Asia.

He noted China is opening its market wider to foreign investment, promoted mainly by the introduction of the new Foreign Investment Law and the shortened negative list.