British businesses call for certainty, clarity and consistency in 2020.
On the 9th June, the British chambers of commerce in China launched the British Business in China: Position Paper 2020.
The paper is BritCham’s flagship publication, where members across a range of sectors in Beijing, Shanghai, Guangdong and Southwest China come together to raise the regulatory barriers that they face, areas of opportunity for bilateral cooperation and recommendations for business environment reform.
On the basis of these consultations, the Chamber called for the following in 2020:
The report itself includes more detailed recommendations for businesses in aggregate and on sector-specific challenges and opportunities.
The virus has undoubtedly induced severe eco- nomic disruption in China, but growth for 2021 is expected to rebound to 8.4% and average rates of around 4% to *Survey conducted between 18th and 21st February 2020 Government response to the pAndemiC To resuscitate economic growth, the Chinese authori- ties responded with looser monetary policy and fiscal measures targeted at supporting businesses. in april, the People’s Bank of China (PBOC) lowered their bench- mark lending rates in order to reduce borrowing costs 5% throughout the first half of the 2020s.
Ten industries are covered in the Paper:
