European Companies In China Generally Optimistic
The European Union Chamber of Commerce in China has launched its annual European Chamber Business Confidence Survey, which is published in partnership with Roland Berger Strategy Consultants and presents the opinions of more than 200 European companies operating in China.
The survey reveals that European businesses are generally optimistic about their business performance in China. Their optimism is mostly based on the continuing strength of China's economic development and the resulting growth in domestic consumption. However, many of them are concerned about a series of issues such as shortages of qualified staff, environmental problems, and insufficient protection of intellectual property rights. European business expects the Chinese government to take more effective action to address these problems.
Michael O'Sullivan, the secretary general of the European Chamber, said of the survey, "It provides an important insight into the concerns and views of European businesses operating in China, and this year it bears out many of the concerns which we raised in our annual Position Paper in September. We think it will be of interest to governments in both China and Europe."
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In conjunction with Starwood celebrating the signing of its 100th hotel in Greater China, Sheraton Shanghai Hotel and Residences, Pudong and Four Points by Sheraton Shanghai, Pudong had their own unique way of sharing this milestone by lending a helping hand to the children in the Shanghai Children's Medical Center in Pudong to build up their small "Sheraton Love" library.
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