Core Insights - The report highlights that 81% of surveyed Chinese enterprises in the EU perceive an increase in uncertainty within the current business environment, with half of the respondents indicating a firm commitment to deepening their operations in the EU despite challenges [1][17][19]. Group 1: Business Environment and Challenges - The overall evaluation of the EU business environment by Chinese enterprises has declined for six consecutive years, with a score of 61 in 2025 compared to 73 in 2019, indicating significant deterioration [17]. - Over 35% of surveyed enterprises reported feeling the pressure of a worsening business environment, particularly in sectors like new energy, information technology, and healthcare [17][18]. - High labor costs and complex geopolitical factors are identified as dual pressures affecting Chinese enterprises operating in the EU, with over 40% of respondents experiencing differential treatment due to their Chinese identity [18][19]. Group 2: Trade and Investment Dynamics - In 2024, the bilateral trade volume between China and the EU reached €732.2 billion, showing resilience despite a slight decline of 1.6% year-on-year [10]. - Chinese investment in the EU is shifting focus towards Eastern Europe, with Hungary emerging as a key destination, particularly in the new energy vehicle and battery manufacturing sectors [12]. - The report indicates that over 80% of surveyed enterprises expect their operational status to remain stable or improve in 2024, with 62% anticipating revenue growth in 2025 [14]. Group 3: Recommendations and Future Outlook - The report proposes 336 specific recommendations for improving the EU business environment, focusing on transparency, market access, fair competition, and supply chain security [25]. - It emphasizes the importance of balancing economic security with openness to foster a stable policy environment for enterprises [25][26]. - The year 2025 marks the 50th anniversary of China-EU diplomatic relations, which is seen as an opportunity to deepen mutual trust and cooperation across various sectors [26].

中新社布鲁塞尔11月12日电 (记者德永健)设在布鲁塞尔的欧盟中国商会12日发布2025年度在欧中企发展 报告，表示在欧中企总体反馈发展势头向好，但多数企业忧心欧盟商业泛政治化趋势，对欧盟营商环境 评价连续六年下降。 报告特别提及，由于欧盟不断强化"经济安全"议程，令政治议题泛化至商业领域，对在欧中企信心和发 展规划造成打击。90%的受访企业表示欧盟"去风险"和"经济安全"政策对企业运营产生负面影响，主要 体现为投资审查趋严、市场准入壁垒增高、政策不确定性上升等问题。 当日欧盟中国商会与战略管理咨询公司罗兰贝格联合发布报告。据介绍，报告历时4个月完成，共对200 余家在欧中企和机构进行问卷调查和深度访谈，涵盖汽车、能源、金融、制造业、高科技等领域。 对于改善发展欧盟营商环境，报告总计提出336项建议，呼吁欧盟勿将"经济安全"泛化为贸易壁垒，应 在执行产业政策时保持理性原则，为在欧中企提供稳定政策预期。企业界期待中欧以合作而非对抗的方 式，共同支持多边主义与自由贸易，携手应对气候变化、数字治理等全球性挑战。(完) 报告表示，尽管面临宏观经济压力与复杂营商环境，但在欧中企总体反馈发展势头向好，逾80%的受访 企业 ...

Core Viewpoint - The report highlights that over 80% of Chinese enterprises in Europe are experiencing increased uncertainty due to tightening EU regulations, yet they demonstrate strong resilience and adaptability in the face of these challenges [3][4]. Group 1: Business Environment and Sentiment - 81% of surveyed companies perceive the current EU business environment as increasingly uncertain [3]. - Despite macroeconomic pressures, over 80% of respondents report stable or improved operating conditions, with 53% experiencing revenue growth [4]. - Looking ahead to 2025, 62% of companies expect continued revenue growth, while only 14% anticipate a decline [4]. Group 2: Investment Trends and Motivations - Key drivers for continued investment in Europe include brand recognition, potential in emerging sectors, market capacity, and supply chain diversification [5]. - 50% of surveyed companies plan to increase their investments in Europe by 2025, a significant shift from previous cautious attitudes [4]. Group 3: Challenges and Regulatory Environment - The overall score for the EU business environment has declined for six consecutive years, dropping from 73 in 2019 to 61 in 2025 [8]. - 90% of respondents believe that the EU's "de-risking" and "economic security" policies negatively impact their operations, leading to stricter investment reviews and increased market entry barriers [9]. - 43% of Chinese enterprises in Europe have adjusted or delayed investment plans due to tightening review mechanisms [9]. Group 4: Trade Relations and Cooperation - The report emphasizes the need for a balanced approach between economic security and market openness to maintain stable global supply chains [9]. - The EU has initiated multiple investigations into Chinese companies since the implementation of the Foreign Subsidies Regulation, affecting various sectors including clean energy and electric vehicles [10][11]. - The 50th anniversary of China-EU diplomatic relations in 2025 is seen as an opportunity to deepen cooperation across trade, technology, and climate action [12].

Core Insights - The report highlights that over 80% of Chinese enterprises in Europe are experiencing increased uncertainty due to tightening EU regulations, with 81% of respondents indicating a heightened sense of uncertainty in the current business environment [1][2] - Despite these challenges, Chinese companies demonstrate strong resilience, with 53% reporting revenue growth in Europe and 62% expecting continued revenue increases in 2025 [2][4] Group 1: Business Environment and Challenges - The overall business environment for Chinese companies in Europe has been rated at 61 points for 2025, a significant decline from 73 points in 2019, indicating a continuous deterioration over six years [4][5] - 90% of surveyed enterprises believe that the EU's "de-risking" and "economic security" policies negatively impact their operations, leading to stricter investment reviews and increased market entry barriers [5][6] - The tightening of foreign direct investment review mechanisms by the EU has raised compliance costs and uncertainty for Chinese companies, with 43% of respondents adjusting their investment plans due to these reviews [6][7] Group 2: Investment and Growth Outlook - Despite the challenges, 50% of surveyed Chinese enterprises plan to increase their investments in Europe by 2025, reflecting a warming investment sentiment compared to previous years [2][4] - The report indicates that Chinese companies are increasingly focusing on greenfield investments, particularly in the electric vehicle and battery sectors, aligning with the EU's green transition strategy [6][7] Group 3: Strategic Cooperation and Future Directions - The report emphasizes the need for both sides to innovate dialogue mechanisms and deepen mutual understanding, particularly in areas like green manufacturing and high-end production [3][8] - As the 50th anniversary of China-EU diplomatic relations approaches, there is a call for enhanced cooperation across trade, technology, education, culture, and climate action to rebuild trust [8]

Core Insights - 63% of surveyed Chinese companies in Europe report that their business has been directly or indirectly affected by the Foreign Subsidies Regulation (FSR), with 12% experiencing direct impacts and 51% noting intangible damage to their business image and confidence [1][8] - Over 80% of Chinese companies in Europe are feeling increasing uncertainty due to tightening EU regulatory environments, with 81% of respondents indicating that the current business environment is characterized by heightened uncertainty [1][3] Group 1: Business Environment and Resilience - Despite macroeconomic pressures and a complex business environment, Chinese companies in Europe demonstrate strong resilience, with over 80% reporting stable or improved operating conditions this year; 53% of companies saw revenue growth, while only 16% reported a decline [3][4] - Looking ahead to 2025, 62% of surveyed companies expect revenue growth, and 46% anticipate profit increases, indicating a generally optimistic outlook [3][4] Group 2: Investment Intentions - Half of the surveyed companies plan to increase their investments in Europe by 2025, contrasting with only 11% who intend to reduce their investments, reflecting a warming investment sentiment compared to previous years [4][5] - The core motivations for continued investment include building brand recognition globally, tapping into the potential of emerging sectors in the EU, and diversifying supply chains [5] Group 3: Regulatory Challenges - The overall score for the EU business environment has declined for six consecutive years, with a current score of 61, down from 73 in 2019; over 35% of respondents feel the business environment has worsened, particularly in sectors like renewable energy and information technology [6][7] - 90% of surveyed companies believe that the EU's "de-risking" and "economic security" policies negatively impact their operations, leading to stricter investment reviews and increased market entry barriers [7][8] Group 4: Trade Relations and Cooperation - The FSR's implementation has led to multiple investigations into Chinese companies, particularly in clean energy and electric vehicles, creating new uncertainties in EU-China trade relations [8] - The report emphasizes the importance of deepening cooperation in various fields, including trade, technology, and climate action, especially as 2025 marks the 50th anniversary of EU-China diplomatic relations [9]

Core Insights - The "World Open Report 2025" was introduced at a media briefing in Beijing, highlighting its significance in analyzing global openness trends and practices [1] - The report is a flagship publication of the Hongqiao International Economic Forum, co-authored by the Chinese Academy of Social Sciences and the Hongqiao International Economic Forum Research Center [1] Summary by Sections Section 1: Global Openness Trends - The first part of the report focuses on the global openness landscape since 2024, exploring mechanisms for enhancing governance and openness levels [1] Section 2: Key Issues in Global Openness - The second part delves into critical issues such as the tension between free trade and protectionism, the impact of cross-border data flows on collaborative AI and digital trade, and the relationship between global cooperation and economic security [1] Section 3: Successful Practices in Global Openness - The third part showcases practical measures and significant achievements of China's openness in the new era [1] Highlights and Features - The report has increased international influence compared to previous editions [2] - It features a more diverse and robust research dimension, extending the measurement of the World Openness Index back to 1990, providing a 35-year data span for analysis [2] - The topics covered are more cutting-edge, reflecting contemporary global challenges [2] - The report emphasizes the importance of early involvement from scholars and policymakers in its development, ensuring a deep international perspective [2] - Constructive academic exchanges have enriched the report's depth and breadth, embodying the spirit of openness [2] - Transparency in methodology and data is highlighted as essential for building trust among participants and ensuring the report's credibility [2]

Core Viewpoint - Toshiba's subsidiary has withdrawn from a technology cooperation agreement with a Chinese wafer supplier due to economic security concerns, highlighting the sensitivity of chip supply chains and geopolitical factors in the semiconductor industry [2]. Group 1: Toshiba's Actions and Agreements - Toshiba Electronic Devices & Storage Corporation signed a memorandum of understanding with Chinese SiC wafer supplier SICC on August 22, 2023, to enhance semiconductor quality and ensure stable wafer supply, but the agreement was terminated shortly after due to discussions between both parties [2]. - The company will continue purchasing wafers from SICC despite the termination of the agreement, indicating ongoing reliance on Chinese suppliers [2]. - Toshiba, along with Rohm, will receive up to 129.4 billion yen (approximately 851 million USD) from Japan's Ministry of Economy, Trade and Industry for investments in power semiconductor technology, crucial for electric vehicles [2]. Group 2: Collaboration with Tianyue Advanced - Toshiba has reached a basic cooperation agreement with Tianyue Advanced Technology Co., Ltd. regarding SiC power semiconductor substrates, focusing on technical collaboration and commercial cooperation to enhance the characteristics and quality of SiC power semiconductors [5]. - The collaboration aims to expand the supply of high-quality and stable substrates, with further discussions planned to finalize cooperation details [5]. - Tianyue Advanced, established in 2010, specializes in the development and production of single-crystal SiC substrates and has become a leading player in the field, with plans to release the world's first 12-inch SiC substrate in 2024 [6].

Core Insights - The U.S. Secretary of Commerce, Gina Raimondo, stated that the $550 billion investment framework between Japan and the U.S. will focus on low-risk infrastructure sectors such as power generation and energy pipelines [1] - Approximately 10 to 12 Japanese companies, including those in the electricity and shipbuilding sectors, are exploring specific investment plans in the U.S., with the first project expected to be finalized by the end of the year [1] - The investment aims to enhance economic security for both nations, with the initial project likely to come from the power industry, driven by the growing electricity demand in the U.S. due to data center expansion [1] - Japanese companies are expected to supply gas turbines and other equipment to boost U.S. power generation capacity [1] - The Alaskan liquefied natural gas (LNG) project is also under consideration, with Japanese involvement potentially aiding in achieving energy independence [1] - More than half of the $550 billion is anticipated to be allocated to the power and energy sectors [1]

Core Viewpoint - The "15th Five-Year Plan" period is crucial for China to embark on a new journey towards building a modern socialist country and achieving the second centenary goal, emphasizing the integration of development and security as a strategic foundation [1][2]. Group 1: Development and Security - Development and security are interdependent; development provides the material basis for security, while security is a prerequisite for sustainable development [1][2]. - The current global landscape is characterized by significant changes, including rising unilateralism and geopolitical risks, necessitating a heightened awareness of potential challenges [1][2]. Group 2: Key Areas of Focus - Economic security is fundamental, requiring measures to ensure food security, energy resource supply, and the prevention of systemic financial risks [2]. - Technological self-reliance is essential for maintaining development autonomy, addressing critical challenges, and managing emerging risks related to technology ethics and data security [2]. - Social stability is vital for reform and development, necessitating improvements in public safety and health networks [2]. - Ecological security is crucial for sustainable development, advocating for a green development path [2]. Group 3: Systematic Approach - A comprehensive system is needed to ensure the integration of development and security, including a robust legal framework and enhanced risk assessment mechanisms [2]. - Strengthening national security education is important to build a resilient public defense against security threats [2][3].

Core Viewpoint - Jeffrey Schott, a senior researcher at the Peterson Institute for International Economics, expressed that tariffs may not be the best policy for enhancing U.S. manufacturing productivity and achieving economic security and supply chain resilience [3]. Group 1: Tariff Policy Insights - Schott suggested that there are potentially better policy combinations than tariffs to boost U.S. manufacturing productivity [3]. - He emphasized the importance of considering the impact of tariffs on U.S. trade partners, including potential retaliatory actions that could arise from such measures [3]. - Schott noted that few countries currently retaliate against U.S. tariffs, as such actions can increase costs and distort markets for both parties involved [3]. Group 2: National Security and Trade - Schott criticized the broad interpretation of "national security" in the context of trade policies, arguing that it encompasses a wider range of economic activities than necessary [3]. - He mentioned ongoing discussions in the U.S. about narrowing the scope of "non-normal trade investment measures" to focus only on areas that genuinely concern national core security interests [3]. - The current tariff policy's extensive coverage needs to be re-evaluated according to Schott [3]. Group 3: Jeffrey Schott's Background - Jeffrey Schott has been with the Peterson Institute since 1983, focusing on international trade policy and economic sanctions [4]. - He has held academic positions at Princeton University and Georgetown University, and previously worked at the U.S. Treasury Department [4]. - Schott has authored numerous books and articles on trade, including works on the Trans-Pacific Partnership and the North American Free Trade Agreement [4].