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.
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