2024-09-11 02:30:35
Difficult market access, inadequate regulations, weak demand: foreign companies are struggling with problems in China. Is the country still in good shape? The European Chamber of Commerce warns.
Peking.
The Chinese market has become less attractive for European companies due to unfinished reforms and increasing problems. For some companies, the risks of investing in China are already starting to outweigh the rewards, according to the annual position paper of the EU Chamber of Commerce in Beijing. This trend will only get worse if important concerns within the industry are not addressed. “So serious action is necessary to turn the tide,” asked the interest group with more than 1,700 members.
“The predictability, reliability and efficiency that make the Chinese market attractive to foreign companies continue to decline, and the business environment has become even more politicized,” the paper said. According to Chamber President Jens Eskelund, what is new is that the economic situation in China continues to worsen.
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