European Union Chamber of Commerce in China warns of increased risks for foreign businesses due to regulations and trade tensions, leading to 8% fall in foreign investment last year.
The European Union Chamber of Commerce in China warns that foreign businesses face increased risks and uncertainty due to draconian regulations and trade tensions, according to a report. Foreign investment in China fell 8% last year, prompting the chamber to urge China's leaders to address concerns that have "grown exponentially" in recent years. The report highlights issues such as access to government procurement contracts, data security regulations, and China's focus on national security, which has increased risks for foreign businesses.
March 20, 2024
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