BEIJING, June 10 (Xinhua) -- China remains a top-three investment destination for 63 percent of respondents in the European Business in China Business Confidence Survey 2020, which was released Wednesday by the European Union Chamber of Commerce in China and the global consultancy firm Roland Berger.
Financial reporting of the Chamber's member companies for 2019 still showed significant downward trends, which is seen especially in the logistics, chemicals and petroleum, construction, and automotive industries, according to the survey.
"Despite the difficult global environment and uncertainties caused by the COVID-19 pandemic, European companies overall remain strongly committed to China," said Denis Depoux, Global Managing Director of Roland Berger. "European companies are increasingly in China for China, both to meet growing domestic demand and to tap into its innovative ecosystem."
China now has the strength and experience to become a leading force in a global recovery, but this brings with it a significant responsibility, said Charlotte Roule, vice president of the European Chamber. She added that collaboration with the global community is urgently needed to upgrade and strengthen the rules-based order, guided by the principles of reciprocity. Enditem
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