[Image courtesy of www.europeanchamber.com]
Earlier this week the European Chamber of Commerce in China (EUCCC) released its European Business in China Business Confidence Survey (BCS) 2012.
Conducted by the EUCCC in cooperation with Roland Berger Strategy Consultants, the survey provides an annual snapshot of European companies' successes and challenges in China. 557 respondents completed the survey this year.
Please click here to access the full report.
CBI Director General, John Cridland CBE, is visting China from 10-12 October. He will meet Chinese government officials in Beijing and engage with member companies throughout his trip. In addition to calls in Beijing he will travel to Shanghai, Shenzhen and Hong Kong.
If you would like to learn more about Mr. Cridland's trip please contact the CBI's Beijing office directly via: ben.cooper@cbi.org.uk
[Image courtesy of www.euccc.com.cn]
Yesterday, the European Union Chamber of Commerce in China (EUCCC) released its 2011/2012 Position Paper, which provides an overview of the views of many European companies doing business in China.
The Position Paper is the product of six months of consultation, which involved hundreds of companies and individuals from European businesses operating across China.
The report includes chapters on a wide range of sectors, including aviation, construction, information and communication technology, logistics, maritime transport, travel, banking & securities, insurance, private equity, etc.
The report also includes chapters on numerous cities and regions across China, including Beijing, Chengdu, Chongqing, Nanjing, the Pearl River Delta, Shanghai, Shenyang and Tianjin.
Highlights from the 2011/2012 Position Paper include:
• China's strategic importance for global companies is rapidly increasing.
• Key goals outlined in China's 12th Five-Year Plan (2011-2015) such as upgrading the industrial
sector, developing the service sector and encouraging innovation and green development match the
strengths of European companies in managerial know-how, the provision of services and green
and advanced technology.
• The Position Paper brings together a significant number of recommendations for both Chinese and
European policymakers.
The CBI, together with the China-Britain Business Council (CBBC) , is organising the launch of the Position Paper in London on 22 September, which will be hosted by leading global insurance broker and CBI member Willis Group.
Pleease click here to read the Executive Summary of the Position Paper and here to access the full report.
[Image courtesy of www.fiat.com]
Fiat Group Auotomobiles, one of the automotive companies of leading Italian carmaker and CBI member Fiat Group, plans to expand its dealership network in China by around 60 dealers by September 2012, raising the number from the current 40 to approximately 100 dealers.
Fiat's expansion of its dealership network is in preparation for the upcoming launch of its new medium sedan vehicle, known as the C-medium, which has been specially designed for the Chinese market by Fiat and its Chinese partner, Guangzhou Automobile Group Company.
The two partners plan to launch the new model next September.
Earlier this week, Fiat introduced its popular 500 city car model to China, which will also benefit from the automaker's planned dealership expansion in the year ahead.
Please read more here and here.
Yesterday, the European Chamber of Commerce in China (EUCCC) released the results of its 2011 Business Confidence Survey.
The EUCCC achieved a record response rate of 44% of its members, with nearly 600 European companies having completed the survey. The Chamber identified the following three key messages arising from the results of its survey:
1. China is an increasingly strategic market.
2. Competition in China is increasing.
3. Companies are concerned about China's regulatory environment.
Other key highlights include:
• 79% of respondents have an optimistic business outlook for growth in China.
• 59% of respondents are planning new China investments, up from 48%.
• 78% of respondents reported an increase in revenue over last year.
Please click here to read the full EUCCC Business Confidence Survey and here and here for additional media coverage.
China Direct would like to thank Ben Cooper of the CBI's Beijing office for preparing this summary.
[Image courtesy of www.europeanchamber.com.cn]
The findings of the annual EUCCC business confidence survey will be circulated tomorrow, Wednesday 25th May 2011.
China Direct will be attending the official Survey Launch event in Beijing and looks forward to sharing with members key headlines and observations shortly.
EUCCC Business Confidence Survey
Background:
Since 2004, the European Chamber has conducted an annual survey of member companies to monitor their views on the business environment and gather their opinions on trade and investment in China.
The European Chamber Business Confidence Survey 2011 is once again produced in partnership with Roland Berger Strategy Consultants, and draws on feedback from nearly 600 European companies – the highest participation rate ever.
This year's survey offers insight on European business confidence in the Chinese market at a time of impressive growth, rising competition, and the release of China’s 12th Five Year Plan.
The results – the most comprehensive and wide-ranging set of data yet gathered for this annual survey – will provide the most up-to-date and in-depth analysis on sentiment among European businesses about the Chinese business environment.
This information will have important implications for Chinese and European policy-makers, businesses, organizations as well as the general public.
The Delegation of the European Union in China has very kindly prepared a full English translation of China's 12th Five-Year Plan (2011-2015).
In mid-March 2011, the National People's Congress (NPC), China's top legislature, approved the new Five-Year Plan (FYP).
China's FYPs are blueprints which outline key economic and development targets for the country for the next five-year period.
This is essential reading for businesses seeking to either expand their existing China operations or position themselves in the market for the first time.
To download the full translation of the current FYP please click below:
Download Full translation 5 Yr Plan 2011-2015
The American Chamber of Commerce in China released its annual White Paper yesterday noting that whilst US businesses continue to perform well there was continuing concern over China's industrial policies and their longterm implications for US business.
A bilingual press release can be accessed here.
To download the White Paper in full please click here.
China Direct would like to thank Amcham for circulating this report and looks forward to the EUCCC Business Confidence Survey and White Paper later in 2011.
The public procurement market in China is roughly the size of the South Korean economy (US$ 1 trillion) yet the vast majority of this huge potential market is currently off limits to foreign business.
China Direct would like to share with its CBI members the EUCCC's Executive Summary and more extensive Public Procurement Paper published in April 2011 by the NDRC and MOFCOM.
Download Public Procurement Exec Summary April 2011
Download EUCCC, Public Procurement in China, April 2011
More articles on this issue can be accessed below.
1. http://buswk.co/f9y60V (Business Week)
2. http://wapo.st/gn1tds (Washington Post)
3. http://bit.ly/fDUzLP (China.org)
[Image courtesy of www.itic.org]
James McGregor, who hosted CBI members at APCO's Beijing offices in September, provides a fascinating insight into China's indigenous innovation strategy.
This is essential reading for businesses looking at their China strategies for 2011.
To view Mr. McGregor's article please click here.
China Direct would like to wish you all a very merry Christmas!
