Euro­pean com­pa­nies say ‘golden times’ may be over

China Daily (Canada) - - NEWSCAPSULE -

Nearly half of Euro­pean businesses fear their “golden times” in China are over, amid tougher busi­ness con­di­tions in a slow­ing econ­omy, ac­cord­ing to a sur­vey.

Of 552 businesses sur­veyed, 46 per­cent said they be­lieve that the “golden age” for multi­na­tion­als in the coun­try has ended, ac­cord­ing to the 2014 Euro­pean Busi­ness in China Busi­ness Con­fi­dence Sur­vey.

Only 57 per­cent of com­pa­nies plan to ex­pand cur­rent op­er­a­tions in the world’s sec­ond-largest econ­omy, down from 86 per­cent last year. One­fifth of com­pa­nies gave China as their top in­vest­ment des­ti­na­tion com­pared with one-third two years ago.

Dif­fer­ent in­dus­tries have con­trast­ing out­looks. Health­care com­pa­nies, in­clud­ing those deal­ing in med­i­cal de­vices, were the most op­ti­mistic, with 88 per­cent say­ing they had a pos­i­tive out­look for growth in 2014.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.