📈 China's business vibes are soaring high! The latest 2024 China Business Environment Research Report just dropped, and it's all good news. The China Council for the Promotion of International Trade surveyed over 6,800 companies and chatted with nearly 1,000 enterprises – both Chinese and foreign – to get the scoop.
Guess what? Companies are rating China's business environment a solid 4.37 out of 5! 🤩 Nearly 90% are feeling \"very satisfied\" or \"relatively satisfied\", which is up by 2.1 percentage points from 2023. Talk about leveling up! 🚀
The report delved into 12 key areas like starting up or closing a business, infrastructure, and life-support services. All scored above 4 points. Shoutout to improvements in customs services, setting up businesses, and the rule of law. 👏
Looking ahead, the future's looking bright! 🌞 Over 70% of companies are seeing stable or increased profits in 2024. More than 60% are optimistic about China's economic prospects. They've got their eyes on more tax cuts and continued tweaks to make the business scene even better.
This all comes as China ramps up support for the private sector. In 2024, they're considering a new law to boost private businesses, aiming to create a friendly environment for all kinds of enterprises. 🎯
Reference(s):
China's business environment shows continued improvement: report
cgtn.com
