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Top related persons:
Carlo D'Andrea - 2 D'Andrea - 1 Jens Eskelund - 1 Eskelund - 1 overcapacity - 1 Xi Jinping - 1 Andrew Galbraith - 1 Li Qiang - 1
Top related locs:
China Shanghai Minhou County Fuzhou BEIJING Beijing Europe EU
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Nurphoto - 1 Getty - 1 EU Chamber of Commerce - 1 EU - 1 of Commerce - 1 U.S - 1 Bureau - 1 Statistics - 1

Search resuls for: "Carlo D'Andrea"


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☆ European companies in China are under pressure from slower growth, overcapacity
  + stars: | 2024-05-10 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
Nurphoto | Nurphoto | Getty ImagesBEIJING — European companies in China are finding it harder to make money in the country as growth slows and overcapacity pressures increase, according to a survey released Friday by the EU Chamber of Commerce in China. Only 30% of EU Chamber survey respondents said their profit margins were higher in China than their company's worldwide average — an eight-year low. Jens Eskelund EU Chamber of Commerce in China, presidentChina's economy is now far bigger than it was in 2015 and 2016. More than one-third of EU Chamber survey respondents said they observed overcapacity in their industry in the last year, and another 10% expect to see it in the near future. "This is not just European companies whining," Eskelund said.
Persons: Carlo D'Andrea, D'Andrea, Jens Eskelund, Eskelund, overcapacity Organizations: Nurphoto, Getty, EU Chamber of Commerce, EU, of Commerce, U.S, Bureau, Statistics, Cosmetics Locations: Minhou County, Fuzhou, China, BEIJING, Shanghai, Beijing
☆ European chamber in China criticises upcoming Shanghai trade fair as 'political showcase'
  + stars: | 2023-11-03 | by ( Brenda Goh | Thomson Reuters | Brenda Goh Is Reuters | ) www.reuters.com   time to read: +3 min
REUTERS/Andrew Galbraith/File Photo Acquire Licensing RightsSHANGHAI, Nov 3 (Reuters) - The European Union Chamber of Commerce on Friday criticised an upcoming trade fair in China as being more of a "political showcase" than about doing business and pushed for more tangible measures to restore confidence among European companies. "It's more a government affairs event, more a marketing event and there's been really little said on business. You can say CIIE has become more of a political showcase rather than a business event," Carlo D'Andrea, the chamber's vice president, told reporters at a briefing in Shanghai. "European businesses are becoming disillusioned as symbolic gestures take the place of tangible results needed to restore business confidence," he said. The European Union's top diplomat, Josep Borrell, visited last month, as have several other top EU officials in recent months.
Persons: Xi Jinping, Andrew Galbraith, Li Qiang, Anthony Albanese, there's, Carlo D'Andrea, Josep Borrell, Brenda Goh, Sonali Paul Organizations: China, REUTERS, Rights, European Union Chamber of Commerce, Australian, European Union, Micron, Nestle, Burberry, Thomson Locations: Shanghai, China, Europe, EU
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