Results from the 2023 Sino Benelux Business Survey have been released!
Foreign enterprises in China faced considerable challenges in recent years, with 2022 particularly marked by stringent lockdown measures, factory closures, disrupted supply chains, and a stagnant economy. Some companies seized unforeseen growth opportunities, while others prioritized stability, anticipating China's eventual recovery.
Despite short-term setbacks and expectations of negative revenue growth, foreign business leaders maintained optimism about long-term prospects. The Sino Benelux Business Survey, a collaborative effort between the Benelux Chamber of Commerce and its Chinese chapters, supported by the diplomatic and trade representatives of Belgium, the Netherlands, and Luxembourg in China, plays a vital role in providing insights to the Benelux business community and other companies operating in China. In its eighth year, and with the partnership of Moore – MS Advisory, the survey continues to offer comparative information on the business environment, prevalent challenges, and emerging trends in China.
The 2023 edition of the survey closely scrutinizes the performance of Benelux companies in China, considering the complex geopolitical, economic, and regulatory challenges that have influenced the Chinese market. This survey is a valuable resource for understanding the dynamics of foreign business operations in China, shedding light on the strategic decisions made by companies in response to the changing landscape.