A launch ceremony of China Chamber of Commerce to the EU’s annual suggestion document is locked in Brussels, Belgium, on Sept. 10, 2020. Chinese companies within the European Union (EU) have a less favorable view than last year on the simplicity of conducting business in the bloc, however are willing to increase investment when the scenario becomes much better, market research released on Thursday demonstrates.
The survey, carried out by China Chamber of Commerce for the EU (CCCEU) and Roland Berger, a global strategy consultancy, is an element of CCCEU’s annual recommendation document titled “Acting for Common Future: Chinese Enterprises within the Maritime Silk Road for Development amid Slowdown and Regulatory Hurdles.” (Xinhua/Zhang Cheng)
BRUSSELS, Sept. 10 (Xinhua) — Oriental companies within the Western Union (EU) possess a less positive view than last year on the ease of working in the bloc, however are willing to improve purchase when the scenario gets much better, a survey released on Thursday demonstrates.
The survey, conducted by China Holding chamber of Commerce for the EU (CCCEU) and Roland Berger, a global technique consultancy, is a component of CCCEU’s yearly recommendation report called “Performing for Common Future: Chinese Enterprises inside the EU Trying for Development amid Slowdown and Regulatory Obstacles.”
The survey finds that Chinese companies in the EU provided a rating of 70 points towards the general business atmosphere, slightly below 73 points in 2019.
When asked to measure the overall business atmosphere, close to 60 percent in the interviewees mentioned “a small decrease,” and 10 % “a significant decrease.”
The study also discovers that in case the simplicity of doing business inside the EU improves, 60 % think about investing more and close to 20 % want to increase “significantly.”
In accordance with the survey, Oriental businesses have relatively much less favorable sights in three factors concerning the ease of conducting business: political atmosphere, macroeconomic and sector-specific atmosphere, and labor market.
Almost three in four respondents (72 %) think that the EU marketplace is grimmer than this past year, and 55 % experience much more difficulties in hiring European and international talent.
To the contrary, they may have more favorable sights than a year ago around the 21st Century Maritime Silk Road: 56 percent see better connectivity between China and also the EU, and 53 percent mention lhkdhc frequent technological swaps and joint study.
Based in Brussels, CCCEU was established in 2018 by a team of Oriental businesses. It represents as much as 70 associates and compartments in member states, addressing about 1,000 Chinese businesses inside the EU.