EU Firms Face Operational Challenges in China Amid Localisation Pressures, Survey Reveals - PRESS AI WORLD
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EU Firms Face Operational Challenges in China Amid Localisation Pressures, Survey Reveals

Credited from: SCMP

  • European companies are compelled to silo operations in China due to increasing national security measures and regulatory fragmentation.
  • A report from the European Union Chamber of Commerce indicates that this practice aims at mitigating risks while complying with local regulations.
  • Companies face market barriers and penalties if they do not adjust their operations to align with stringent Chinese legislations.
  • Despite these challenges, EU investment in China surged to €3.8 billion in Q2 of 2024, nearing levels seen in the early 2010s.
  • The chamber emphasizes the need for companies to remain connected with their global teams to maintain competitiveness in light of operational hurdles.

For the full article, visit: South China Morning Post

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