Foreign business lobbies warn working in China harder than ever

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Foreign business confidence in China has reached its lowest in years, US and European enterprise lobbies warned Tuesday, as slowing growth and geopolitical tensions hit investment prospects.

A report released the same day by the Chamber of Commerce of the European Union expressed similar concerns.

At a separate media event on Tuesday in Beijing, the European Commission's digital chief said opaque Chinese laws were fuelling concerns among foreign firms in the country after holding talks with Chinese officials about critical areas such as AI and data governance. And one in two European companies reported"obstacles" to their activities in China and 62 percent said they missed opportunities.Respondents' optimism about the next five years was the lowest ever recorded in the survey, AmCham Shanghai said, with just 52 percent saying they had an optimistic outlook, down three percentage points from the year before.

 

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