BizBeat Ep.146: China a critical pillar for European multinationals
The EU Chamber of Commerce in China has released its latest business confidence index survey, with European firms reporting resilient performance last year. China was the first choice in the global operations of European multinationals, with 51% of companies reporting their EBIT margins in China were higher than the worldwide average. Looking forward, 68% of European companies in China are upbeat about their business prospect. This comes amid a faster-than-expected economic recovery in China and rising demand from Chinese consumers. In this episode of BizBeat, CGTN's Xia Cheng tells you why EU businesses are tapping China for growth.