( ) -q-18- UNDATED (Correspondent Jeremy House) “weak job market.” An annual survey of more than 500 European companies has found that slowing growth in China is weighing on company plans to expand their businesses in the world’s second largest economy. [CutID: <Cuts> CHINA-ECONOMY-EUROPE-house-q-FRIam.mp3 Time: 18s Title: CHINA-ECONOMY-EUROPE-house-q-FRIam Out-cue: weak job market] TAG: Correspondent Jeremy […]
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European companies are less upbeat about China’s vast market as its economy slows
( ) -q-18- UNDATED (Correspondent Jeremy House) “weak job market.”
An annual survey of more than 500 European companies has found that slowing growth in China is weighing on company plans to expand their businesses in the world’s second largest economy.
[CutID: <Cuts> CHINA-ECONOMY-EUROPE-house-q-FRIam.mp3
Time: 18s
Title: CHINA-ECONOMY-EUROPE-house-q-FRIam
Out-cue: weak job market]
TAG: Correspondent Jeremy House reporting. The survey found that about one-third of the companies were optimistic about expanding their business this year, down from more than half in 2023, and only 15% were optimistic about profit growth.
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VERBATIM: China still ranks high as a place to invest. However, the share of companies considering an expansion of their operations in the country this year fell to 42%, the lowest ever recorded. The government is launching programs to boost consumer spending, but confidence remains low because of a weak job market.