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As China's economy worsens, European companies in China are forced to rethink their business strategies
A recent annual report by the EU Chamber of Commerce shows that since 2012, so many companies have been so pessimistic about China's future earnings potential. Jens Eskelund, president of the EU Chamber of Commerce, emphasized that "while the Chinese market is trying to recover, the main change is that we are seeing this market deteriorate very quickly." The EU Chamber of Commerce also warned that "European businesses in particular should urgently review their market strategies in China."
According to the news of the French international newspaper on September 16, since the end of the Chinese virus epidemic, although China, the second largest economy in the world, has tried to restart the business sector, the "X-Sada" newspaper published in France shows that it is time for European companies to ask questions.
The latest annual report released last week by the EU Chamber of Commerce, which represents more than 1,700 companies established in China, underscores that many investors are now facing the harsh reality that their problems in the Chinese market may be permanent.