Business Confidence Survey on the Chinese Market 2017
Source: the European Union Chamber of Commerce in China. Updated: 13 September, 2017
The Business Confidence Survey 2017 (published on 31/05/2017) brings together the input of over 500 senior representatives of the European Chamber’s member companies to provide an annual overview of their performance and outlook from within the Chinese market.
Some of the key findings of the report include the following:
- Revenues and earnings before interest and taxes improved, without any marked increase in optimism about the long-term business outlook.
- The top regulatory barriers faced by European business remain the same, and there is a lack of confidence that this situation will improve over the next five years.
- European companies are positive about President Xi’s anti-corruption campaign and the incremental improvements to China’s IPR protection regime.
- There is a disproportionate enforcement of environmental legislation against foreign-invested enterprises compared to state-owned enterprises and Chinese privately-owned enterprises.
- European companies report increased competition from Chinese privately-owned companies as the latter's capacity for innovation increases.
- The EU-China Comprehensive Agreement on Investment must be completed to give European business the confidence it needs to ramp up investment in China.