Amid struggles at home, 80% of Chinese companies in EU plan more investment
Chinese firms operating in Europe have very different view to European firms with investments in China, survey finds
Almost 80 per cent of the Chinese companies operating in the European Union plan to expand their investment there, even though most complain about policy uncertainty, according to a report published on Tuesday by the Chinese Chamber of Commerce to the EU (CCCEU) and the China Economic Information Service.
The result stands in sharp contrast to similar reports published by the European Chamber of Commerce in China (EUCCC) – despite companies from both sides complaining about obstacles such as policy barriers and unlevel playing fields. Only 38 per cent of European companies that responded to a survey had plans to expand their operations in China, according to the latest EUCCC confidence report, which was published in May last year.
The gap highlighted how profitable the European Union market remained for Chinese companies, analysts said.
“Chinese companies complain, yes, but they like the European market, this is quite clear,” said Alicia Garcia-Herrero, chief economist for the Asia-Pacific region at French investment bank Natixis.