China’s UK business community sees 2024 as a “pivotal year” for Beijing to address growing concerns over its flagging economy and investment environment, the British Chamber of Commerce said on Tuesday.
The chamber’s survey of British companies showed that while sentiment had improved from record levels of pessimism last year, 60 per cent of respondents still believed business was more challenging than in 2022, when harsh Covid-19 restrictions decimated the economy.
With foreign direct investment under pressure, Beijing has unveiled a 24-point policy document to address investor concerns but the chamber said Beijing needed to push forward with implementation given increasing “promise fatigue” among businesses.
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