Reported 29 days ago
European firms have expressed significant doubt regarding the Chinese government's strategy to revive its struggling economy, according to a recent report from the European Union Chamber of Commerce in China. The businesses are concerned that the promised reforms remain unfulfilled and that challenges in the Chinese market are outweighing potential returns, leading to a notable decrease in investment. With decreased profit margins and increased competition from subsidized local firms, many companies are reconsidering their commitment to investing in China.
Source: YAHOO