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Top related persons:
Carlo D'Andrea - 1 D'Andrea - 1 Jens Eskelund - 1 Eskelund - 1 overcapacity - 1 Dombrovskis - 1 Cui Dongshu - 1 Wan Gang - 1
Top related locs:
China BEIJING Beijing Minhou County Fuzhou Shanghai BEIJING — Europe Europe
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EU - 2 Nurphoto - 1 Getty - 1 EU Chamber of Commerce - 1 of Commerce - 1 U.S - 1 Bureau - 1 Statistics - 1

Search resuls for: "BEIJING — Europe"


3 mentions found


☆ 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
☆ EU trade chief says the outcome of China EV probe cannot be prejudged
  + stars: | 2023-09-26 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
About two weeks ago, the European Commission announced an investigation into government subsidies for EV makers in China. watch nowChina's electric car exports have surged in recent months. Homegrown Chinese electric car companies Nio , Xpeng and BYD are among those that have started to expand to Europe, but in relatively small numbers so far. More than two-thirds of China's electric car exports to Europe were from Tesla and other international brands manufacturing in China, according to HSBC. China's Ministry of Commerce was quick to criticize the EU investigation and called it a "blatantly protectionist act" that would distort the global auto industry.
Persons: Dombrovskis, Cui Dongshu, Wan Gang Organizations: BEIJING —, European, European Commission, EV, EU, World Trade Organization, Moody's, HSBC, Volkswagen, VW, China's Ministry of Commerce, China Passenger Car Association, Audi, Wan, Science, Technology, Ministry of Finance Locations: BEIJING, BEIJING — Europe, China, Beijing, Europe
☆ European businesses are rethinking their plans for a 'closed' China
  + stars: | 2022-09-20 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +6 min
Vcg | Visual China Group | Getty ImagesBEIJING — European businesses in China are revaluating their market plans after this year's Covid controls further isolated the country from the rest of the world, said Joerg Wuttke, president of the European Union Chamber of Commerce in China. For European businesses, "we talk about a complete readjustment of our view on China over the last six months," Wuttke told reporters at a briefing for the chamber's annual China position paper, released Wednesday. He said the lockdowns and uncertainty for businesses have turned China into a "closed" and "distinctively different" country that might prompt companies to leave. Foreign businesses can still find specific areas of opportunity. China is improving local market access, albeit in areas where locals already dominate or are "desperate" for foreign investment, Wuttke said.
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