The British chambers of commerce in China launched the British Business in China: Position Paper 2022 today. This year’s Paper notes the continued steps taken to further open up China’s markets to foreign businesses and the several areas of opportunity for bilateral cooperation between the UK and China.
British businesses in China are facing rising uncertainty as a result of sporadic COVID-19 outbreaks. Coupled with a lack of clarity and communication in key legislation and the marginalisation of foreign businesses, the once stable and relatively predictable business environment in China is being eroded.
Despite these challenges, organisations continue to identify significant potential in the Chinese market. Climate goals, the increased push towards innovation and consumption, and a growing focus on technical, operational and vocational training all contribute to this potential, and provide a robust environment for increased UK-China engagement and cooperation.
In order to take full advantage of those opportunities and restore optimism in China’s position as an attractive investment destination and international commercial hub, the British chambers of commerce in China call for steps to be taken to achieve an inclusive business environment and a truly ‘dynamic’ strategy to managing COVID-19, specifically by:
- Achieving greater clarity around cyber and data security legislation;
- Affording equal opportunities to foreign and domestic firms and improving consultation with FIEs on important decisions;
- Adjusting international travel restrictions and border control policies; and
- Adopting a balanced approach to the enforcement of COVID-19 restrictions.
Our British Business in China: Position Paper 2022 brings together voices from the business community to examine and provide tailored recommendations for the Chinese government in regard to China’s business environment.
Please click on the link to download the Position Paper 2022
Our thanks to the British Chamber of Commerce in China for sharing the 2022 Position Paper.
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