A launch ceremony of China Chamber of Commerce to the EU’s yearly suggestion document is held 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 within the bloc, but they are willing to increase investment when the scenario becomes better, market research released on Thursday demonstrates.
The study, carried out by China Holding chamber of Business to the EU (CCCEU) and Roland Berger, an international strategy consultancy, is an element of CCCEU’s annual recommendation report called “Acting for Common Long term: Chinese Businesses in the Maritime Silk Road for Growth amid Slowdown and Regulatory Hurdles.” (Xinhua/Zhang Cheng)
BRUSSELS, Sept. 10 (Xinhua) — Chinese companies within the European Union (EU) possess a less favorable look at than this past year on the ease of conducting business within the bloc, but they are willing to increase investment if the situation becomes better, market research published on Thursday demonstrates.
The survey, conducted by China Chamber of Business to the EU (CCCEU) and Roland Berger, a worldwide technique consultancy, is part of CCCEU’s yearly recommendation document titled “Performing for Typical Long term: Chinese Businesses in the EU Trying for Growth amid Slowdown and Regulatory Hurdles.”
The survey finds that Oriental companies inside the EU gave a score of 70 factors towards the basic company atmosphere, slightly less than 73 factors in 2019.
When motivated to assess the overall company environment, close to 60 % in the interviewees mentioned “a small decline,” and 10 percent “a substantial decline.”
The study also discovers that when the simplicity of conducting business within the EU enhances, 60 % think about investing more and near to 20 percent want to improve “significantly.”
In accordance with the study, Oriental businesses have somewhat much less favorable sights in 3 aspects regarding the ease of conducting business: political environment, macroeconomic and sector-specific atmosphere, and labor marketplace.
Nearly 3 in four respondents (72 percent) believe that the EU marketplace is grimmer than this past year, and 55 percent experience more issues in hiring Western and foreign talent.
To the contrary, they have more positive sights than last year around the 21st Century Maritime Silk Road: 56 % see better online connectivity between China and also the EU, and 53 % point out lhkdhc frequent scientific exchanges and joints research.
Located in Brussels, CCCEU was established in 2018 by a small group of Chinese enterprises. It represents as much as 70 associates and chambers in member claims, addressing about 1,000 Chinese businesses inside the EU.