A release ceremony of China Chamber of Commerce to the EU’s annual suggestion report is located in Brussels, Belgium, on Sept. 10, 2020. Chinese companies within the European Union (EU) have a less favorable view than this past year on the ease of conducting business in the bloc, however are prepared to increase investment when the situation becomes much better, a survey published on Thursday shows.
The study, carried out by China Holding chamber of Business to the EU (CCCEU) and Roland Berger, a worldwide strategy consultancy, is a component of CCCEU’s yearly recommendation report called “Acting for Typical Future: Chinese Businesses inside the Maritime Silk Road for Growth amid Slowdown and Regulatory Hurdles.” (Xinhua/Zhang Cheng)
BRUSSELS, Sept. 10 (Xinhua) — Chinese companies inside the European Union (EU) possess a less favorable view than this past year on the ease of conducting business in the bloc, but they are willing to improve investment if the scenario gets much better, a survey published on Thursday demonstrates.
The study, carried out by China Holding chamber of Business to the EU (CCCEU) and Roland Berger, a worldwide strategy consultancy, is an element of CCCEU’s yearly recommendation report titled “Performing for Typical Future: Oriental Enterprises inside the EU Striving for Development amid Slowdown and Regulatory Obstacles.”
The survey finds that Chinese companies within the EU gave a rating of 70 factors to the general business atmosphere, slightly below 73 points in 2019.
When motivated to evaluate the general business environment, close to 60 percent in the interviewees mentioned “a little decrease,” and 10 percent “a substantial decrease.”
The survey also finds that if the simplicity of conducting business in the EU improves, 60 % consider committing much more and near to twenty percent plan to improve “considerably.”
Based on the survey, Chinese businesses have relatively less favorable views in three aspects regarding the simplicity of conducting business: political atmosphere, macroeconomic and industry-particular atmosphere, and labor market.
Nearly three in 4 respondents (72 percent) feel that the EU market is grimmer than this past year, and 55 % encounter more difficulties in hiring Western and international talent.
On the other hand, they have more positive views than this past year around the 21st Century Maritime Silk Road: 56 percent see greater online connectivity among China and also the EU, and 53 % explain lhkdhc frequent technological swaps and joints research.
Situated in Brussels, CCCEU was founded in 2018 by a team of Chinese enterprises. It signifies approximately 70 members and compartments in fellow member states, covering about 1,000 Chinese companies within the EU.