90% of Foreign Firms Satisfied with China’s Business Environment CCPIT Survey

01 Nov, 2024

A recent survey by the China Council for the Promotion of International Trade (CCPIT) reveals that 90% of surveyed foreign firms are satisfied with China’s business environment. The survey, which included responses from over 400 foreign businesses and consultations with more than 50 foreign chambers, was released in a press briefing in Beijing. According to the CCPIT findings, satisfaction levels are driven by factors like market access, ease of securing business premises, and streamlined closure procedures. Many firms, particularly European and American, are optimistic about China’s market outlook for 2024.

European companies are showing increasing positivity, with 41.67% rating the market outlook as "good," a significant rise from the previous month. Nearly half of all foreign firms, including 60% of U.S.-based firms, have noted a positive shift in China's market appeal, reflecting a marked increase in confidence. European firms, in particular, report a 5.42 percentage point rise in month-on-month optimism, while U.S. firms showed an even higher monthly increase at 15.26 percentage points.

Investment sentiment also appears to be strong, with close to 20% of foreign firms indicating plans to increase investment in China. European companies are at the forefront of this trend, showing a 2.5 percentage point increase in investment intentions from the previous month. The eastern region of China remains the most attractive for foreign investment, with 59.52% of firms favoring this area for expanding production lines or advancing digital transformation efforts.

CCPIT spokesperson Sun Xiao emphasized CCPIT’s commitment to enhancing support and services for foreign-invested enterprises to foster a robust and appealing business environment in China, further strengthening the country’s global business ties.

Related News

Interview