More European Businesses Moving Investment Out of Chinese Mainland, Survey Shows

More European businesses are moving investments out of the Chinese mainland to markets such as Southeast Asia and Europe as the world’s second-largest economy is no longer the clear choice as an investment destination, according to new findings by a leading European trade association.

The annual Business Confidence Survey published Friday by the European Union Chamber of Commerce in China (EUCCC) showed that 13% of respondents have either already moved or made the decision to shift existing investments from the Chinese mainland to other markets. That’s a 2 percentage point increase from last year, the survey showed. Another 8% said they are considering doing so.