The China Council for the Promotion of International Trade (CCPIT) unveiled its “2024 China Business Environment Research Report” on Friday, indicating continued improvements in the country’s business climate. The comprehensive study, based on a survey of over 6,800 companies and in-depth interviews with nearly 1,000 Chinese and foreign enterprises, reveals high levels of satisfaction among businesses operating in China.
Companies rated China’s overall business environment at an impressive 4.37 out of 5 points. Nearly 90 percent of respondents expressed themselves as “very satisfied” or “relatively satisfied”, marking an increase of 2.1 percentage points from 2023. These figures underscore China’s ongoing efforts to create a favorable environment for both domestic and international businesses.
The report assessed twelve key areas, including enterprise establishment and withdrawal, infrastructure, and life-support services. Notably, all indicators scored above 4 points, reflecting widespread approval across various facets of the business ecosystem. Significant improvements were observed in companies’ evaluations of customs services, enterprise establishment and withdrawal processes, and the rule of law.
Looking ahead, market expectations remain optimistic. Over 70 percent of the surveyed companies reported stable or increased profits in 2024, and more than 60 percent expressed confidence in China’s future economic prospects. Businesses identified key areas for further enhancement, such as tax and fee reductions, and the continuous optimization of the business environment to support sustainable growth.
The findings come as China intensifies its support for the private sector. In 2024, the country considered a draft law aimed at promoting private sector development, seeking to foster a legal and social environment conducive to the advancement of all types of ownership. This initiative reflects China’s commitment to bolstering economic vitality and encouraging private enterprise participation in the market.
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China's business environment shows continued improvement: report
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