Dear Members and Friends,
From July 2020, the China-Italy Chamber of Commerce (CICC) started a quick quarterly survey to gather information on the business sentiment of all our Members in China.
The goal is the direct and up-to-date knowledge of how business is doing in our industries every quarter. At the beginning of each quarter we learn how the previous one performed and what’s the forecast for the following one.
The results of Q3 business sentiment survey (third quarter) are available online!
Download the executive summary here.
The survey refers to the period of July-August-September 2020 (Q3) and the sample is composed by 199 (out of 530) CICC members (38%).
The companies which joined the survey are located nationwide with a significant 70,31% of respondents located in East China, followed by 13,57% located in South China and by 8,04% in the North, 4,57% of the South-West.
The respondents well reflect the composition of business sectors of CICC Members. In fact, a significant number of participants is active in the Mechanical Engineering & Manufacturing (62%) and intangible services (23%), followed by Food and Beverage (9%), Retail-B2C & Furniture (3,5%) and Healthcare (2,5%).
2020 trends Year-end forecasts:
The CICC thanks all 199 companies for taking part in the Survey, helping to create added value and providing the tools to improve concrete support for the Italian business community in China. The next quarterly business sentiment survey will be held on January 2021.
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