USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
    Home / World

    Chinese to invest more in EU

    By Zheng Yangpeng | China Daily | Updated: 2013-02-01 07:59

     Chinese to invest more in EU

    The China Pavilion at the CeBIT digital and telecommunications trade fair in Hannover, Germany. A survey by the European Union Chamber of Commerce in China found 97 percent of Chinese enterprises plan to make additional investment in the EU. Ma Ning / Xinhua

    Africa most welcoming, favorable destination for investors, says survey

    Despite operational issues such as cultural differences and high cost of personnel, Chinese investors generally see the European Union as being open to foreign investment, and are willing to increase investment there, a survey has found.

    Released by the EU Chamber of Commerce in China on Thursday, it found that Chinese investors consider Europe's business environment to be less welcoming compared with Africa, the Middle East and Latin America, but more welcoming than North America and Southeast Asia.

    Africa is viewed as the most welcoming destination for Chinese investment, with 85 percent of respondents saying it is more favorable than the EU. North America received the lowest mark, with 22 percent of respondents saying it has a more favorable environment than the EU.

    "We have not encountered opposition on the grounds of national security in the EU, which we have in the United States and other regions," a respondent was quoted by the EU chamber as saying.

    The report found only 7 percent of respondents encountered national security concerns, with a majority coming from the IT and telecommunications sector. It also found that 97 percent of Chinese enterprises plan to make additional investment in the EU, with 82 percent set to invest more than their current amounts.

    China's outbound investment has risen steadily in the past decade, reaching $345.1 billion by the end of 2011, according to the Ministry of Commerce. In 2011, its outbound investment was $60 billion, of which only $4.28 billion, or 7.1 percent went to the EU. However, the scale of investment may be underestimated as a significant amount of Chinese ODI is routed via Hong Kong and British territories.

    The survey found the overwhelming reason for Chinese companies' presence in the EU is access to European markets.

    David Cucino, president of the EU chamber, said: "Many respondents said increased domestic competition forces them to seek new markets for sales, and become more competitive by acquiring new technologies, brands or expertise."

    Deng Dong, president of a Sichuan silk manufacturer, told China Daily he plans to establish a branch in Europe to learn about customers' needs more directly and design tailor-made products. The company used to sell silk to Europe through European distributors.

    "They (distributors) are profit-oriented, which means they are not willing to use the best and most appropriate materials to optimize the effect of silk's unique advantage, its elegance and luxury," Deng said.

    But the situation varies from sector to sector.

    Cucino said Chinese enterprises in industries such as the automotive sector or fashion do not necessarily feel the pressure to invest overseas as they are selling to a large and growing market at home.

    The survey found Chinese enterprises tend to invest in countries with strong domestic industries in specific sectors, such as Sweden for telecommunications, the United Kingdom for financial services, Germany for manufacturing, electronics and automotive, and the Netherlands for logistics.

    Though 48 percent of Chinese enterprises which have invested in the EU report regulatory approval obstacles in Europe, mostly arising at local, rather than EU or national level, 78 percent report operating difficulties.

    The difficulties include obtaining visas and work permits for Chinese employees, dealing with European labor laws, cultural differences in management style, and understanding tax laws across member states, the survey found.

    The manager of a Chinese machinery company with branches in Europe told China Daily: "At present, transferring workers from our parent company in China is difficult because it usually takes a long time to obtain a temporary visa."

    A survey respondent was quoted by the EU chamber as saying: "Labor laws are the key issue. Lack of labor market flexibility, and working hours are hard to cope with, especially in France. Taxes on labor are very high, too."

    The culture is so different that a senior Chinese company representative was shocked when required to deal with employee representatives in a discussion about where to place a coffee machine in an office.

    Chen Fei, general manager of Industrial and Commercial Bank of China's Brussels branch, who has dealt with many Chinese entrepreneurs in Europe, said: "The way people do business here is different. Here, business is business. No personal emotion is involved."

    Chen said European companies prefer their Chinese partners to hire professionals in legal, accounting and taxation affairs. Chinese companies are reluctant to do this because of the high cost, but not hiring them could be potentially disastrous, he said.

    Pan Jianping, who has been with an overseas business department at a Chinese-Japanese joint venture in telecommunications equipment for many years, said: "Going abroad is not simply selling products overseas. If you want to move up the value chain and build your own brand there, a comprehensive strategy needs to be adopted."

    zhengyangpeng@chinadaily.com.cn

    Chinese to invest more in EU

    (China Daily 02/01/2013 page13)

    Today's Top News

    Editor's picks

    Most Viewed

    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    精品久久久中文字幕人妻| 中文字幕精品久久| 亚洲av永久无码精品国产精品| 日韩少妇无码一区二区三区| 亚洲AV永久无码精品| 亚洲国产日韩欧美在线a乱码日本中文字幕高清 | 中文字幕无码成人免费视频| 精品人妻大屁股白浆无码| 亚洲国产成人精品无码区在线观看 | 无码人妻久久一区二区三区免费丨 | 亚洲精品无码专区在线在线播放| 日韩中文字幕在线视频| 中文字幕无码一区二区三区本日| 变态SM天堂无码专区| 国产午夜无码精品免费看| 日韩乱码人妻无码中文字幕| 韩日美无码精品无码| 无码人妻精品一区二区三区蜜桃 | 色综合久久中文字幕综合网| av中文字幕在线| 人妻中文字幕乱人伦在线| 中文字幕人妻丝袜乱一区三区| 精品久久久无码中文字幕| 本免费AV无码专区一区| 999久久久无码国产精品| 97碰碰碰人妻视频无码| WWW插插插无码视频网站| 国产成人无码精品一区在线观看| 国产Av激情久久无码天堂| 97无码免费人妻超| 人妻少妇无码视频在线| 中文无码喷潮在线播放| 天堂中文在线最新版| 亚洲久本草在线中文字幕| 中文字幕一区二区三区久久网站 | 中文字幕无码精品三级在线电影 | 中文字幕人妻无码一区二区三区| 波多野结衣AV无码久久一区 | 久久无码人妻一区二区三区| 久久久久久国产精品无码下载| 国产亚洲情侣一区二区无码AV |