Chinese and foreign companies are optimistic about doing business in China. That’s the overall finding from the CEIBS Business Climate Survey 2012 which polled executives from both groups in China
As the economic slump drags on in the developed world, China is increasingly seen as one of the few places where businesses can still make a healthy profit. This perception is spot on, according to the CEIBS Business Climate Survey 2012 which polled executives from Chinese and foreign companies doing business in the Asian country.
One vital component of the survey is the confidence index, which shows that both groups are optimistic that their businesses will do well in 2012. And looking ahead to the next five years, Chinese companies are slightly more bullish about China. They have a confidence level of 7.24 – on a scale from zero (no confidence at all) to 10 (maximum confidence) – versus 7 for foreign companies (see chart 1).
[Reprinted with permission from The China Europe International Business School.]