About 70% of foreign companies in China do not intend to make any changes to their production patterns, according to a survey by the Chinese Council for the Promotion of International Trade in China, Yicai reported on November 1.
This is 4.5 percentage points more than in the second quarter, indicating greater confidence in the country’s economy, according to a report published by the China Council for the Promotion of International Trade.
About 80% of foreign companies expect their profits to stay the same or increase slightly this year, and almost 90% expect profits to stay the same or increase slightly over the next five years, according to a report that surveyed 700 companies. foreigners. of which 67% belong to the manufacturing sector and 64% to small and medium-sized companies.
According to council spokesperson Zhang Xin, “technological innovation and research and development” remain the biggest development opportunity for foreign companies in the Chinese market for the third consecutive quarter. At the same time, about half of them are considering increasing investments in the western regions of the country.
More than 80% of foreign companies are satisfied with the business conditions in China, and more than 90% are satisfied with the tax rates, Zhang added. Nearly 90% said the processes for finding a place to do business, applying for public infrastructure, resolving business disputes, closing a business and gaining market access were adequate.
Source: Rossa Primavera
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