European Companies Increasing Investment In China After COVID-19

European businesses have seen higher margin in China than globally and are increasing investment in the country following its quick recovery from the COVID-19 pandemic last year, according to a Bloomberg report

WASHINGTON (UrduPoint / Pakistan Point News - 9th Jun, 2021 ) :-- European businesses have seen higher margin in China than globally and are increasing investment in the country following its quick recovery from the COVID-19 pandemic last year, according to a Bloomberg report.

The proportion of European companies planning to expand China operations in 2021 jumped to nearly 60 percent from 51 percent last year, Bloomberg reported Tuesday, citing a survey by the European Chamber of Commerce.

About half of the 585 surveyed respondents reported higher profit margins in China than their global average, while the proportion was 38 percent last year.

Additionally, 73 percent of the respondents reported a profit last year, with another 14 percent breaking even. The figures were about the same level as in previous years despite the pandemic disruption, reflecting the speedy recovery of the Chinese "The main point is to develop supply chain as mush as possible here, as far as it's possible, to provide what's needed for the market here," Bloomberg quoted Charlotte Roule, a board member of the chamber, as saying.