MNI BRIEF: China-Based UK Firms Facing Challenges
MNI (BEIJING) - UK businesses in China continue to find market conditions difficult, according to the British Chamber of Commerce in China, with the Chamber’s 2024-25 sentiment survey showing 58% of members faced tougher operations than last year, down from 60% in 2023’s report.
The Chamber highlighted 13% of firms encountered easier business conditions, a noticeable decline from 20% in last year's paper.
Of companies that noted a harder business environment, 86% of respondents listed economic conditions as the primary reason.
China’s economy will continue to improve in Q4 underpinned by strong manufacturing with official and private PMIs expected to remain within expansionary territory in December, mainland economists told MNI, noting further policy stimulus to boost household income should not be ruled out. (See MNI: China Manufacturing PMIs To Remain Above 50 In Q4)