CCPIT Reports 90% of Foreign Firms Surveyed Are Satisfied with China’s Business Environment

A CCPIT survey reveals 90% of foreign firms find China’s business environment satisfactory, with growing optimism and increased investment plans, particularly among European companies, primarily in eastern regions.

Positive Business Sentiment in China

The China Council for the Promotion of International Trade (CCPIT) recently reported that 90% of surveyed foreign enterprises consider China’s business environment "satisfactory" or better. Their findings, shared during a press release in Beijing on October 31, revealed rising optimism among European and U.S. companies regarding market conditions for 2024.

Increasing Investment Willingness

Approximately 20% of the foreign firms surveyed indicated plans to increase their investments in China, marking a 2.07% rise from the previous month. Notably, European companies displayed heightened interest, with a 2.5% increase. The eastern region of China emerged as a preferred investment area, with 59.52% of firms looking to expand production lines or enhance digital transformations.

Commitment to Support Foreign Businesses

CCPIT spokesperson Sun Xiao emphasized the importance of improving services for foreign-invested enterprises. With a focus on enhancing market access and closing procedures, the council aims to better serve the needs of these businesses, fostering a conducive environment for foreign investment in the country.

Source : 90% of surveyed foreign firms are satisfied with China’s business environment: CCPIT