Challenges abound, China still a pillar for EU firms

Higher investments in China will help European companies to offset tariff impacts arising from trade tensions and evade downside risks from global economic headwinds, said a top industry official from Europe.

Joerg Wuttke, president of the European Union Chamber of Commerce in China, told China Daily in an exclusive interview on Wednesday that European businesses continued to be bullish on prospects in China and 22 percent of the respondents in a recent survey remained confident on sustained profitability.

As the Chinese market continues to open up, European companies will be more than keen to pursue growth opportunities, especially in areas where they have the same opportunities as their Chinese counterparts, even though some sectors are still being restricted, said Wuttke.