European firms' confidence in China rebounds for first time since 2022
For the first time since 2022, European businesses are beginning to regain confidence in the Chinese market, as a recent survey indicates that Beijing is viewed as a stabilizing force amid global uncertainties. Released on Wednesday by the European Union Chamber of Commerce in China, the annual Business Confidence Survey revealed that the decline in confidence regarding China's business landscape has lessened among its members over the past year. Of the more than 500 European companies surveyed, fewer than half (down from 52% last year) believed that the business environment had become more politicized. Although 68% of respondents noted that conditions had worsened, this was an improvement from the previous year's record high of 73%. Firms expressed more optimism about future growth and profitability.
Key facts
- European firms' confidence in China is rebounding for the first time since 2022.
- Beijing is perceived as a champion of stability amid global turbulence.
- Survey released on Wednesday by the European Union Chamber of Commerce in China.
- More than 500 European firms operating in China were polled.
- Less than half of respondents said China's business environment had become more politicised, down from 52% a year earlier.
- 68% of companies said business conditions had become more difficult in China, improving from 73% last year.
- Firms reported more upbeat expectations for growth and profitability.
Entities
Institutions
- European Union Chamber of Commerce in China
Locations
- China