China's market for business has seen significant improvement and substantial changes over the past 15 years and is generally moving in the right direction, Julian Fisher, chair of the British Chamber of Commerce in China, said in an interview with the Global Times on Wednesday. Fisher also shared his insights on the potential for bilateral cooperation in the electric vehicle (EV) sector, where China holds competitive advantages.
His comments were made on Wednesday on the sidelines of the launch of the British Business in China: Position Paper 2024. The paper outlines the positive changes and opportunities perceived by British companies in China, while addressing remaining concerns and challenges. These firms anticipate more positive changes to take place so they can further tap into the potential of the world's second-largest economy.
In his interview with the Global Times, Fisher said that the improvement in the business climate has been significant.
"When I came to China in 2005, it was an incredibly challenging place for international businesses to operate," Fisher said, naming things like intellectual property rights and copyright concerns.
"But that's no longer the case," he said, giving credit to an effective system for managing things like trademark infringement.
