BEIJING – European businesses in China are finding it harder to operate in the country, even after it has re-opened from Covid, the EU Chamber of Commerce in China found in its latest member survey, released Wednesday.
Mainland China ended its stringent Covid controls in December, and authorities pledged to support more business travel in and out of the country.
"Zero-Covid has ended, but other headwinds will need to be addressed if China is to regain its attractiveness," the Chamber's report said.
While the survey noted part of those were due to Covid controls, the outlook remains grim.
There's "no expectation that the regulatory environment is really going to improve over the next five years," Jens Eskelund, president of the EU Chamber of Commerce in China, told reporters in a briefing.
Persons:
Ole Kaällenius, Zhimin Qian, Li Qiang, Olaf Scholz, Covid, Jens Eskelund
Organizations:
State Power Investment Corporation, EU Chamber of Commerce
Locations:
People's Republic of China, BEIJING, China, Covid, Mainland China