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皇冠体育app still attractive to European firms: European Chamber

(Xinhua) Updated: 2015-09-09 14:56

BEIJING - 皇冠体育app remains attractive to European companies, the European Union Chamber of Commerce in 皇冠体育app (European Chamber) said, though rising wages and slower growth have led to worries about the emerging economy.

"Despite a challenging business environment, 皇冠体育app still offers significant potential to European companies, including small and medium-sized enterprises," said the chamber's position paper released Tuesday.

Twenty-five percent of European firms have a research center in 皇冠体育app, and 85 percent of those are likely to increase their presence in the near future, demonstrating 皇冠体育app's importance to the long-term strategies of European companies, the report said.

Facing downward pressure and pains from an economic overhaul, 皇冠体育app's economy expanded 7 percent in the first half of the year, the lowest reading since the 2008 global financial crisis.

The chamber said 皇冠体育app should stick to bold reform pledges in a bid to tackle challenges from lower growth and ensure a successful rebalancing of the economy.

The European Chamber, founded in 2000, is an independent non-profit organization and has nearly 1,800 members in 皇冠体育app.

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