China's European Chamber of Commerce: nearly 80% companies have confidence in China's strong economic growth

June 29 Noon News "Business confidence survey of the European Chamber of Commerce in China" released, the results show that European companies operating in China still have confidence in the strong growth momentum of the Chinese economy, of which 78% of the surveyed companies are optimistic about the growth momentum of their industry in the next two years,　　But it is also concerned about the uncertainty of China's business environment and the unpredictability of its ongoing regulatory policies. Dai Jie, chairman of the European Chamber of Commerce in China, said 78% per cent of EU companies surveyed said they were optimistic about growth prospects in the relevant markets over the next few years, up 13% from 2009. They think China has recovered from the economic crisis 96% of respondents said China was an important or more important market for their global strategy since the crisis, and 64% of those surveyed said China belonged to its three preferred destination globally, "a remarkable achievement indeed." "18% of companies say they are planning to expand existing or set up new research and development centers, in 2009, the ratio was 15%, Dai Jie that the establishment of research and development Centers for enterprises is a very important business decisions, generally not easy to conclude, so this proportion has increased, showing the European Union enterprises in the Chinese market confidence,　　It also shows the attractiveness of the Chinese market and their positive attitude towards the future growth prospects of the Chinese market. At the same time, EU companies in China are under pressure from domestic competitors, and the visual risks of future business in mainland China include competition from local companies. Compared to last year, EU companies have seen a decline in their visual competitive advantage over Chinese companies.　　These advantages include product quality, product innovation and design, technology development, process management and operations, and management efficiencies. While optimistic about the economic outlook, EU companies believe that the unfair treatment of foreign-invested enterprises in terms of policy and enforcement has led to rising concerns among European companies.　　European Union companies say they are more regulated than local firms, while 39% of respondents believe Chinese government policy is more unfair to foreign-invested companies over the next two years.　　Dai Jie pointed out that China's regulatory environment and protectionist trends, as well as the risk of exclusive sentiment in the past three years, the proportion of relatively stable, indicating that these years have not been much changed, the issue has not been substantively resolved. "EU companies fear that an unpredictable regulatory environment will limit their competitiveness", with the main concern being the cumbersome and opaque registration process and the protection of intellectual property. (Super Yan from Beijing)