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.