Beijing’s Central Business District. European companies say weak demand in China is compromising their ability to make money in the market.
© Reuters
GRACE LI, Nikkei staff writer |
HONG KONG — Significantly more European companies operating in China are worried a slowdown in the world’s second-largest economy will hurt their profitability, the European Union Chamber of Commerce in the country said Friday.
The chamber’s annual business confidence survey released the same day shows that 55% of respondents ranked the slowing Chinese economy as a top-three challenge, compared with 36% the previous year.
