The European Union Chamber of Commerce in China (European Chamber) and the German Chamber of Commerce in China (German Chamber) today released details of a joint survey on the effects of COVID-19 on European business in China
Chinese outbound tourism will not recover to pre-coronavirus levels until the second quarter of 2021, says Economist Intelligence Unit. Asean will be hurt the most as the number of Chinese tourists to these destinations will drop by 30 to 40 per cent and cause revenue losses of US$7 billion.
The acquisition of one of Portugal’s biggest agricultural companies by Macau firm CESL Asia last year may yet be seen as a defining moment in the economic relationship between China, Portugal and the Macau SAR.
China is to pump a net 150 billion yuan ($22bn; £16.3bn) into its economy on Monday to help protect it from the impact of the coronavirus outbreak.
Non-resident citizens have again increased the purchase of homes in Portugal in 2018, with French and British on the front line. Chinese almost six times the value of the market as a whole.