[Hybrid] European Business in China - Business Confidence Survey Launch 2023
The European Chamber, in collaboration with Roland Berger, cordially invites you to attend the launch of its Business Confidence Survey (BCS) 2023 on 21st June, from 14:00–16:00 (Beijing time).
At the event, Mr Carlo Diego D'Andrea, Vice President of the European Chamber and Chairman of the Shanghai Board will present the key national findings of this year’s survey with a local Shanghai focus to explore the reasons behind Shanghai’s decreasing allure as a destination for regional HQs.
Since China ended its ‘zero-COVID’ strategy, Chinese officials have been on a charm offensive in an attempt to restore the country’s allure as an investment destination. However, more will need to be done if China is to successfully reverse the deterioration of business sentiment that has taken place over the past three years.
European companies have already begun shifting investments overseas and faced with growing risks and a more volatile operating environment, many have adjusted their investment and operational strategies. There is now an increased focus on making operations more durable—for example, through localisation or diversification of supply chains—as opposed to capturing market share. With China’s economy facing numerous headwinds, this trend appears set to continue at least into the medium-term.