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EU Chamber of Commerce: Nearly Half of the Members Reevaluating Investments in China

Radio Free International (RFI) recently reported that the European Union Chamber of Commerce in China just released its 2016 Business Confidence Survey. The survey showed that 41 percent of its members are reevaluating their business in China and are planning to cut costs using such ways as layoffs. The report found the EU companies became pessimist because the Chinese government did not deliver on its promise to establish a more open and more competitive market environment. According to the report, 47 percent of the companies still intend to expand their Chinese operations. However, the same number was 86 percent three years ago. Among the members surveyed, 58 percent said the Chinese censorship of Internet access significantly impacted their ability to do business in China. This is a 17 percent increase from just last year.
Source: Radio Free International, June 7, 2016