Industry and information technology minister touts benefits of setting up R&D centres in China and teaming up with domestic firms, as inbound investments have slowed amid geopolitical tensions.
Challenges related to national security, data flows and market barriers still dominate hearts and minds, fuelling doubts about increasing investments in China, as well as contemplations about exploring overseas opportunities.
A ‘perfect storm’ of factors is conspiring to suppress investor sentiment, and the time has come for concrete action and transparency, says Jens Eskelund with the EU Chamber of Commerce in China.
Changes to China’s coronavirus policy have restored much-needed optimism among British companies, but many still have concerns about their prospects next year as the country transitions to living with Covid.