2020 South China Business Confidence Survey Launch and AGM Annual Networking Go back »

2020-06-18 | South China

The European Union Chamber of Commerce in China South China Chapter’s Annual General Meeting (AGM), with 2020 South China Business Confidence Survey (BCS) launch, held on 18th June in Guangzhou. Due to the circumstances brought about by the sudden upgrade of epidemic prevention and control, the BCS&AGM was conducted online&offline for the first time ever, which had the added benefit of allowing all of our distinguished speakers and members to participate.

During the meeting, President Jörg Wuttke delivered a keynote speech, recognizing that competitive neutrality and SOE reform are central to achieving greater efficiency in the economy, raising the awareness of the impact of Corporate Social Credit System on European companies, as well as Vice President George Lau presented the BCS key findings of in South China. The panel covered a wide range of issues related to industry development, cross border money transfer. Panelists also discussed the energy sector, imbalance treatment in Guangdong province.

“Many member companies are trying to maintain good business while those who are doing well should remain cautiously optimistic. For the reciprocal policies for foreigners to live in each other’s countries, the European Chamber appeals to the Chinese government to open the doors to welcome not only our business and investment but also us.” said President Wuttke.

"Compared to European companies in other parts of China, the global economic slowdown has had a more severe impact on our South China members, which is a result of South China being comparatively more intertwined with the global economy, and underlines the need to create a more efficient marketplace in the region that adheres to global standards.” said George Lau, Vice President of the European Chamber.

Conducted by the European Chamber and Roland Berger, BCS2020 mainly reveals the outlook on both Chinese business performance and company strategy during February. Last but not least, as to the South China area, the survey results also indicate that the local government should further improve the business environment by simplifying administrative approvals, clarifying relevant regulations and strengthening communication and exchange among government departments.


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Bruce Ding

Eileen Huang