Published: June 22nd, 2023,
Last updated: June 22nd, 2023
According to the Business Confidence Survey presented by the European Chamber of Commerce in China on Wednesday, the sentiment among European companies is the worst it has been in 20 years. More than one in ten companies have already withdrawn investments from China. The conditions for foreign businesses remain challenging even as the COVID-19 pandemic subsides, writes Frank Sieren, who has examined the figures more closely. In addition, there are geopolitical tensions. Many companies are considering „how many eggs they want to keep in their China basket,“ explained Jens Eskelund, the new president of the EU Chamber of Commerce in China, upon the release of the survey results.