Only half of European companies surveyed said that their mainland China revenues last year increased by 5% or more, the lowest proportion in a decade, according to a survey of members of the European Union Chamber of Commerce in China conducted in February that involved 626 respondents in all.
“The full extent of the negative impact from COVID-19 on revenue growth remains unclear, but the trend is undeniably bleak,” said the report. Only “incremental” improvements to China’s regulatory environment were seen in 2019, according to the report, and 44% of surveyed members expected obstacles to increase over the next five years.
🇨🇳🖕
Adios China 🇨🇳
CCPVirus /POOHVIRUS Is killing the world, meanwhile CCP IS BULLYING the world. Wake up WORLD. boycottMadeInChina CCPStillLiesPeopleStillDie BOYCOTTBEIJING2022 'Pro-Beijing', are shooting themselves in the foot.. One day, they will be erased by their own history.
'Once upon a time, a country called China...'
“The COVID19 outbreak looks likely to further exacerbate this problem,with the government now turning to SOEs as a source of stability in uncertain times,which can only be achieved by draining yet more resources from the private sector,”said the report,referring to stateowned ent