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EU Firms' China Sentiment Plummets, China Go-Global Push Hits Reality Check

 
• By Brian Yang

China's deepening economic downturn is impacting foreign business confidence in China, while recent high-profile events have created uncertainties around the go-global push by Chinese pharma firms, at a time when this has become critical to their very survival.

China risks increase as politics trump over economic growth
China economic downturn deepens, go-global ambitions hit by harsh reality check • Source: Shutterstock

The EU Chamber of Commerce in China's (EUCCC) 2024 Business Confidence Survey shows that over 50% of respondents are considering cutting costs, and only 42% are expanding their investment in China - the lowest level on record in the survey.

For health players such as pharma and medical device companies, the biggest challenges lie in what are seen as restrictive policies limiting foreign company involvement, weak intellectual property protection mechanisms and “Buy China” hospital procurement practices, according to the

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