European Firms Grow More Pessimistic on Doing Business in China
- Companies adjusting strategies ‘accordingly,’ EU chamber says
- Economy, US-China ties, de-risking among top concerns: survey
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A record share of European companies say doing business in China is getting more difficult, with some already following through on plans to divest from the world’s second-largest economy, according to a new survey.
Some 64% of respondents said it became more challenging last year to do business in the country, according to the survey published Wednesday by the European Union Chamber of Commerce in China. That’s an all-time high dating to when the chamber first asked the question, for its 2014 report.