China has made a rapid economic recovery from the Covid-19 pandemic, which seems to have moved European investors from favouring offshoring to rediscovering their appetite for the country.
European companies are seeking to increase their exposure in China and move their supply chains onshore in the country, according to a report from the EU Chamber of Commerce in China published in June 2021.
The European Business in China Business Confidence Survey 2021 finds that 59% of European companies are considering expanding their China operations in 2021, up from 51% the year before.
What is more, the report reveals that manufacturers are looking to onshore their supply chains in China, five times as many as are offshoring.
Yorumlar