All articles tagged with #business confidence
The article discusses the challenge Labour faces in restoring business confidence after the recent Budget, which many in the business community found damaging, and highlights the importance of government actions and policies in influencing economic growth and investor sentiment in the UK.
Foreign businesses in China are facing challenges and dwindling confidence amid a discrepancy between Beijing's positive economic outlook and their tepid business performances. Concerns about national security, data flows, and market barriers are fueling doubts about increasing investments in China, prompting some foreign companies to consider diversifying their investments outside of China. Despite China's 5.2% annualized growth, foreign investors remain wary due to uncertainties over jobs and income, while some still see potential in China's large consumer market.
The European Union Chamber of Commerce has criticized the upcoming China International Import Expo (CIIE) in Shanghai, calling it more of a "political showcase" than a business event. The chamber urged for tangible measures to restore confidence among European companies, pointing out that China's trade surplus with Europe has grown significantly over the past five years. European businesses are becoming disillusioned as symbolic gestures replace concrete results. The chamber called for the CIIE to focus on the business impact and undertake concrete policy measures to open the market. A survey by the chamber revealed that participation rates have dropped, with diminishing value of investment and limited policy changes cited as reasons.
Foreign companies are shifting investments and their Asian headquarters out of China due to security controls, government protection of their Chinese rivals, and a lack of action on reform promises, according to a report by the European Union Chamber of Commerce in China. Business confidence in China is “pretty much the lowest we have on record,” said the European Chamber president. President Xi Jinping’s government is trying to encourage foreign companies to invest and bring in technology, but they are uneasy about security rules and plans to create competitors to global suppliers of technology.