European companies still expanding in Shanghai
December 19, 2016 Category Foreign investment, Weekly
European companies in Shanghai report that they are still expanding this year, and their focus will be on high technology and advanced manufacturing for the future, said the European Union Chamber of Commerce Shanghai Chapter. 71% of Shanghai-based European companies reported positive earnings before interest and tax in 2016. 20% of the companies posted substantial increases in revenue of above 20%, according to the Shanghai position paper published by the Chamber in China. “The businesses of European companies in Shanghai are still growing this year,” said Michael Adams, Chairman of the Chamber’s Shanghai Chapter. High-technology, research and development and advanced manufacturing are the key focus of European firms in Shanghai this year.
The Shanghai Position Paper 2016/2017 can be downloaded here.
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