British Business in China: Sentiment Survey 2020-2021 Launched

Published on 2020-12-08

The British chambers of commerce in China are delighted to launch the British Business in China: Sentiment Survey 2020-2021.

Over 250 businesses across China told us about how well they have fared during the COVID-19 pandemic, the impact UK-China relations have had on them, what challenges they will be have to navigate in 2021, and more.

微信图片_20201207114159.pngThe key findings are:

  • COVID-19 has had a noticeable effect on business sentiment, but 44% will nonetheless be increasing investment  in 2021
  • SMEs are recovering more slowly than large multinational companies, and their hiring strategies are notably more modest than they were in 2019.
  • Three in five businesses express concern around the current state of the UK-China relationship and its impact on their operations. 
  • Difficulties navigating cybersecurity and IT restrictions remains the top regulatory challenge for the third year running.
  • Despite the challenges, China remains among their top priority markets for the majority of companies and only 3% are actively relocating supply chains out of China.

The findings capture the mood, perspectives and critical challenges for British companies on the ground in China, and will play a key role in informing our advocacy work moving forward into 2021. 

We hope that you will find it an informative and engaging read. You can download the full report below. 

Downloads for this article