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Chinese companies seeking to invest in Europe find its business environment less welcoming
According to a survey on the country´s overseas direct investment, released in Beijing by the EU Chamber of Commerce in China, KPMG and Roland Berger Strategy Consultants Chinese investors find it difficult to access to Europe.
From 2004 to 2010, 72 percent of Chinese outbound investment went to Asia and 5 percent to Europe, the report found, citing Chinese government data.
Eighty-five percent of 74 respondents to the survey said the EU’s business environment is less favorable than in Africa, 69 percent found it worse than the Middle East and 56 percent thought Latin America more favorable. Even so, 97 percent said they will increase investment in the EU, the survey found.