A release ceremony of China Chamber of Business to the EU’s annual recommendation document is located in Brussels, Belgium, on Sept. 10, 2020. Chinese companies in the European Union (EU) have a much less favorable view than a year ago on the ease of doing business within the bloc, however they are willing to increase investment when the situation becomes much better, market research released on Thursday demonstrates.
The survey, conducted by China Chamber of Business towards the EU (CCCEU) and Roland Berger, a worldwide technique consultancy, is an element of CCCEU’s annual suggestion document titled “Performing for Common Long term: Oriental Businesses within the Maritime Silk Road for Development amid Slowdown and Regulatory Hurdles.” (Xinhua/Zhang Cheng)
BRUSSELS, Sept. 10 (Xinhua) — Oriental companies in the European Union (EU) possess a less positive view than last year on the simplicity of doing business within the bloc, however are prepared to increase investment when the situation becomes better, market research released on Thursday demonstrates.
The study, carried out by China Chamber of Commerce for the EU (CCCEU) and Roland Berger, a worldwide strategy consultancy, is a component of CCCEU’s yearly suggestion document called “Acting for Common Long term: Oriental Enterprises within the EU Trying for Development amid Slowdown and Regulatory Hurdles.”
The survey discovers that Oriental companies inside the EU provided a rating of 70 factors to the general company environment, somewhat below 73 factors in 2019.
When asked to assess the general company atmosphere, near to 60 percent of the interviewees mentioned “a slight decline,” and 10 percent “an important decrease.”
The survey also finds that if the ease of working inside the EU improves, 60 % consider investing much more and near 20 % want to increase “significantly.”
In accordance with the survey, Oriental businesses have somewhat much less favorable sights in 3 factors regarding the simplicity of doing business: political atmosphere, macroeconomic and sector-particular environment, and labor market.
Almost 3 in four respondents (72 percent) think that the EU industry is grimmer than a year ago, and 55 percent encounter more issues in hiring Western and foreign expertise.
On the other hand, they have much more favorable views than this past year in the 21st Century Maritime Silk Road: 56 percent see better connectivity among China and the EU, and 53 % point out lhkdhc regular scientific exchanges and joint study.
Located in Brussels, CCCEU was established in 2018 by a group of Chinese enterprises. It signifies as much as 70 members and chambers in member states, covering about 1,000 Oriental businesses inside the EU.