More European businesses are moving investments out of the Chinese mainland to markets such as Southeast Asia and Europe as the world’s second-largest economy is no longer the clear choice as an investment destination, according to new findings by a leading European trade association.
The annual Business Confidence Survey published Friday by the European Chamber of Commerce in China (EUCCC) showed that 13% of respondents have either already moved or made the decision to shift existing investments from the Chinese mainland to other markets. That’s a 2 percentage point increase from last year, the survey showed. Another 8% said they are considering doing so.
