Business Confidence Survey 2015 Go back »

2015-06-11 | Shanghai

The European Chamber launched its Business Confidence Survey 2015 on 10th June. More than 90 attendees from consulates, member companies and media joined the launch at The Westin Bund Center Shanghai. European Chamber Shanghai Vice-Chairman of the Board, Mick Adams, and Alain Le Couedic, Partner, Roland Berger Strategy Consultants, presented the survey methodology and results, followed by an extensive Q&A session with the audience.

The protracted Chinese economic slowdown remains the top business challenge. Pessimism about growth and profitability has forced European businesses to cut back significantly, particularly through headcount reduction: 39% are planning to cut costs—a large jump from just 24% in 2014—with most of them planning employee lay-offs. China remains a key market and thus European companies want the ‘new normal’, much like China wants to move its economy up the value chain. However, the regulatory framework has yet to come into place. In particular, a better implementation of the rule of law is seen as the top driver for China’s economic development going forward.

Download the report from the European Chamber website to see what our members reported about their business performance and experiences in the last year. As always, the report is available in both English and Chinese languages.