SIXTY per cent of british firms feel that a slowing Chinese economy presents a bigger challenge to their operations there than last year's Covid curbs, according to the British Chamber of Commerce in China.
Reuters reports 'peak pessimism' recorded during the pandemic is easing, British businesses are delaying making new investment in China amid a stuttering economic recovery and are downgrading the importance of the world's No 2 economy to their global operations, the chamber's recent annual sentiment survey showed.
Foreign investors have been sour on China for most of this year due to factors such as a weaker-than-expected post-pandemic recovery, a series of office raids by Chinese authorities, cash-strapped local governments offering fewer investment incentives and higher investment yields in the United States.
'In previous years, 80 per cent of firms were investing more because of market potential, but it feels like we're now entering a phase of real clarity,' said chamber chairman Julian Fisher.
SeaNews Turkey
Reuters reports 'peak pessimism' recorded during the pandemic is easing, British businesses are delaying making new investment in China amid a stuttering economic recovery and are downgrading the importance of the world's No 2 economy to their global operations, the chamber's recent annual sentiment survey showed.
Foreign investors have been sour on China for most of this year due to factors such as a weaker-than-expected post-pandemic recovery, a series of office raids by Chinese authorities, cash-strapped local governments offering fewer investment incentives and higher investment yields in the United States.
'In previous years, 80 per cent of firms were investing more because of market potential, but it feels like we're now entering a phase of real clarity,' said chamber chairman Julian Fisher.
SeaNews Turkey