STORY: 70% surveyed companies from EU to increase investments in China: survey
DATELINE: July 22, 2023
LENGTH: 00:01:27
LOCATION: TIANJIN, China
CATEGORY: ECONOMY
 
SHOTLIST:
1. various of the conference
2. SOUNDBITE (English): CHRISTOPH SCHREMPP, Chairman of the European Union Chamber of Commerce in China Tianjin Chapter
 
STORYLINE:
 
The European Union Chamber of Commerce in China Tianjin Chapter held a conference in Tianjin on July 19 to interpret the results of the European Business in China Business Confidence Survey 2023.
 
According to the survey, if China increases market access for foreign companies, the untapped investment is not inconsiderable. 70% surveyed companies from the European Union in China aim to increase investments by 5% of their annual revenue.
 
SOUNDBITE (English): CHRISTOPH SCHREMPP, Chairman of the European Union Chamber of Commerce in China Tianjin Chapter
"There are some industries where the Asian region, especially China, will become in the future one of the biggest markets.
There are opportunities definitely in decarbonization and environmental protection, one of the fields where we can only in global be successful if you cooperate and if you learn from each other. That's one of the fields where strong cooperation will continue.
If it comes to further future investment, that the majority of the members, 5 out of 6, want to continue to at least invest in China, which is for China global, for sure, a good message.
We have a common interest to the local government and the European chamber to keep the business here and keep the business investing in Tianjin."
 
Published annually since 2004, the European Business in China Business Confidence Survey by the European Union Chamber of Commerce in China is to take an annual snapshot of European companies' successes and challenges in China.
 
Xinhua News Agency correspondents reporting from Tianjin, China.
(XHTV)