Powering Progress: Unveiling Brunel's Enhanced Shanghai Hub

Fuelling Growth in an Open Market

China's commitment to opening its doors to international investment presents a unique opportunity for companies in critical sectors such as oil & gas, renewable energy, and life sciences. The World Bank's recent forecast of a 5.2% GDP growth for China in 2024, coupled with the significant expansion of China's $11 trillion digital economy, paints a vibrant picture of potential. Policy developments, including the reduced Negative List and streamlined permitting processes for renewable energy projects, showcase China's unwavering focus on fostering growth and innovation.

1. Reuters recently reported an increase in China's 2024 crude oil import quotas, issued 60% above last year's levels, prioritizing independent refiners and including Zhejiang Petrochemical Corp., with some quotas issued early in December 2023.
2. Driven by a 2060 carbon neutrality goal and surpassing global expectations, China's renewable energy sector aims to reach 1,200 GW capacity by 2025, with solar powering a third of that ambitious target.
3. McKinsey & Company estimates the global wellness market at more than $1.5 trillion, with annual growth of 5 to 10%, signaling a burgeoning pharmaceutical market.

Brunel is perfectly positioned to assist companies in and out of China to capitalize on this momentum. With our expanded capabilities and understanding of China's complex recruitment landscape, we can secure highly qualified engineers for your oil & gas project or find specialized researchers for your groundbreaking life science venture. Our extensive network of over 12,000 specialists and comprehensive suite of workforce solutions empower you to have the right people in the right place at the right time.