European Companies Expand China Manufacturing Amid EU Survey Results

Published on · Source: cnbc.com

European Companies Expand China Manufacturing Amid EU Survey Results

AI Summary

Summarized by AI from the source below

According to a survey by the European Union Chamber of Commerce in China, 68% of nearly 300 European company respondents are either maintaining or expanding their operations in mainland China. Specifically, 37% reported no change to their supply chain strategies in the last two years. Conversely, only 7% indicated plans to move their manufacturing bases outside China. The survey highlights the ongoing reliance of European firms on China's cost-effective manufacturing capabilities despite EU de-risking efforts.

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