New EU Chamber of Commerce survey: no sign of a crisis

By
Christiane Kühl

Business is unexpectedly good. But after the dark time of Covid-19, there is a “storm on the horizon” that requires companies to adjust their strategy. This is how the EU Chamber of Commerce in China (EUCCC) sums up the findings of its member survey presented on Tuesday. With the world still reeling from the pandemic, the relatively optimistic business expectations – with simultaneous complaints about old and new problems – are exceedingly surprising: 68 percent of respondents expect positive developments in their industry, up from 45 percent in the pre-Covid year of 2019. The last time companies were this optimistic was in 2014.