Record Share of UK Firms in China Pessimistic on 2023: Survey
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Pessimism among British companies operating in China is at a record high as the world’s No. 2 economy struggles with headwinds ranging from a tricky Covid Zero exit to a global demand slowdown, according to a new survey.
More than 40% of respondents said they are pessimistic about their outlook for 2023, according to a business sentiment survey published by the British Chamber of Commerce in China on Thursday. That’s a record dating back to when the survey began in 2018, and more than triple the proportion in recent years.