BEIJING — European firms are considering a 'substantial' rethink of their operations in China in the face of lackluster demand and a lack of action by Beijing to mitigate economic woes, a business lobby warned Wednesday.
BEIJING — European firms are considering a 'substantial' rethink of their operations in China in the face of lackluster demand and a lack of action by Beijing to mitigate economic woes, a business lobby warned Wednesday.The world's No. 2 economy is straining under the pressure of a highly indebted property sector, sluggish domestic spending and high youth unemployment.
'For a growing number of companies, a tipping point has been reached,' Jens Eskelund, president of the European Chamber, said.Investors, he said, are 'now scrutinizing their China operations more closely as the challenges of doing business are beginning to outweigh the returns.'Beijing has said it is pushing for 5-percent growth this year — a goal considered ambitious by many analysts.
Firms Rethinking China Operations
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