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by Xinhua writer Liang Linlin
BRUSSELS, March 11 (Xinhua) -- European companies embrace China's "new normal" and are keen for Beijing's success in its economic transition as well as stronger China-Europe trade ties, the president of the European Union Chamber of Commerce in China Joerg Wuttke told Xinhua.
Amid a global slowdown and China shifting gear to medium-to-high speed growth, some 1,800 European companies operating in China, ranging from veteran multinational corporations to emerging new firms, were to some extent expecting to face headwinds this year.
"Some of us do quite well, some of us are taking a hit," Wuttke said. With a long-term strategy for China, the chamber's members so far have no plan to withdraw from the country and continue to operate on the ground.
"China for us is vital," Wuttke said. "We need China to succeed, and we all benefit mainly if China gets reforms implemented."
The president of the chamber, recognized by Chinese and European authorities as the official voice of European business in China, embarked on a trip to Brussels at the beginning of this year to brief the EU on "what's going on in China economically and politically."
In Beijing, the Chinese government has said that the country is on a journey of economic re-balancing, trying to ditch its over-reliance on manufacturing in favor of domestic consumption and services.
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29.12.2018 04:12
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