2021年商业信心调查（英文）

European Chamber1 European Union Chamber of Commerce in China www.europeanchamber.com.cn @ 2021 European Union Chamber of Commerce in China, all rights reserved. This study may not be reproduced either in part or in full without prior written consent of the European Union Chamber of Commerce in China.European ChamberTABLE OF CONTENTS EXECUTIVE SUMMARY……………………………………………………………….……………… 11 DARKNESS NAVIGATED……………………………………………………………………………31.1 COVID-19 brings unprecedented challenges to European business………………………………… … … … .3 1.2 Revenue numbers down but better than forecasts overall……………………………………………………… 4 1.3 Despite blow to revenue, profitability holds steady……………………………………………………………… 7 1.4 Future outlook brightens considerably …………………………………………………………………………9 1.5 Stimulus temporarily alleviates financing woes…………………………… ……………………………………102 INVESTORS ONSHORING, STRENGTHENING POSITIONS............................................. 112.1 European companies committed to the China Market now more than ever...……………………............... 11 2.2 European firms seize opportunities to increase JV shares……………………………………………………12 2.3 China's comparatively stronger bounce-back sees cost cutting trend downwards.....………………..………13 2.4 Little divestment, but plenty of supply chain onshoring ...…………………………………… … … ..……… 14 2.5 Critical inputs a real threat to many .………………………………………………………… … … ..……… 153 REFORM EFFORTS LAGGED…………………………………………………………….…….17 3.1 Market access……………………………………………………………………………………………………………18 3.2 Unequal treatment……………………………………………………………………………………………………… 28 3.3 SOE 'reform'…………………................……………………………………………………………………........32 3.4 Compelled technology transfers………………………................……….................................................. 33 3.5 Regulatory reform……………………………………..................................................................………… 35 3.6 IPR protection…………………………………………........................................................................……364 HR CHALLENGES SURGE AMID TRAVEL RESTRICTONS.............................................. 39 4.1 Foreign worker population depleted…………………………………………………......…………..............……39 4.2 Entry restrictions challenge foreign talent attraction and retention.............……………...................……… 40 4.3 Individual Income Tax reform set to curtail number of foreign assignments...……………….......................42 5 POLITICISATION OF BUSINESS..............................................................................................45 5.1 Between a rock and a hard place……............................………………............................................………456 CARBON NEUTRALITY………………………………………………………………………. 48 7 RCEP RESHAPING REGIONAL STRATEGIES…………………………………………… 51 7.1 RCEP moves China operations towards being part of regional