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Foreign firms mixed on China

A majority of European companies remain upbeat about their prospects in China, but a fifth are considering shifting investment elsewhere due to business problems associated with this market.

The European Chamber of Commerce in China, the trade body, and Roland Berger, the consultancy, polled 557 executives, 74 percent of which agreed China was "increasingly important" to their business.

More specifically, 72 percent of corporations are now primarily present in China to supply goods and services for local customers, up from 60 percent in 2009. This indicates that firms are making a move beyond export-led strategies.