Doing business in China is growing tougher, more uncertain, European business group says
A report by a European business group says that uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China
BEIJING (AP) — Uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China, a report by a European business group said Wednesday.
The lengthy paper by the European Union Chamber of Commerce in China urges China’s leaders to do more to address concerns that it says have “grown exponentially” in recent years.
“This report comes at a time when the global business environment is becoming increasingly politicized, and companies are having to make some very tough decisions about how, or in some cases if, they can continue to engage with the Chinese market,” it says.
The study, compiled by the chamber and the China Macro Group consultancy, echoes concerns that have been raised by European and American companies operating in China. Foreign investment fell 8% last year from a year earlier as companies recalibrated their commitments in the world’s second largest economy.
