UK companies pause China investment decisions

British businesses are delaying making new investment in China amid a stuttering economic recovery. — Reuters

BEIJING: A slowdown in both the Chinese and global economies is the biggest issue affecting British firms in the world’s second-largest economy, beating geopolitical concerns and market access barriers, according to the British Chamber of Commerce in China.

While the “peak pessimism” recorded during the pandemic is easing, British businesses are delaying making new investment in China amid a stuttering economic recovery and are downgrading the country’s importance to their global operations, the chamber’s annual sentiment survey released yesterday said.