European enterprises are rethinking their programs for a ‘closed’ China

Critical Points

For European corporations, “we chat about a entire readjustment of our view on China in excess of the last 6 months,” mentioned Joerg Wuttke, president of the European Union Chamber of Commerce in China.
Overseas direct financial investment from the EU into China dropped by 11.8% in 2020 from a 12 months before, in accordance to the chamber’s posture paper. Much more current figures weren’t obtainable.
European businesses that have remained in China more and more encounter an natural environment in which “ideology trumps the economic system,” the chamber’s place paper said in its executive summary.

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