42% of European firms consider expansion in China this year, down from 27% in 2021, due to economic slowdown.
European firms' confidence in China's market potential is waning due to economic slowdown, with the share of companies considering expansion in China this year falling to a record low of 42%. Despite China actively courting foreign investment to boost growth, the survey by the European Chamber of Commerce in China reveals that only 13% of European firms see the country as a top destination for investments, down from 27% in 2021. The slowing economy is now the primary concern for European businesses operating in China.
May 10, 2024
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