On July 3, the South China Branch of the European Union Chamber of Commerce in China of China held the press conference of the 2023 Business Confidence Survey Report (hereinafter referred to as the Report) in Shenzhen. The Report shows that 77% of the interviewed enterprises are interested in expanding their business in South China, 97% of the companies confirm that they will stay in South China, and 44% of the interviewed enterprises are optimistic about the development prospects of the Guangdong–Hong Kong–Macao Greater Bay Area. According to the Report, most of the interviewed enterprises are willing to expand their business in South China, and 57% of them think it is easy to do business in South China. The business environment has also improved. For example, in the field of using public utilities, 81% of surveyed companies believe that handling affairs is more convenient. "There is a lot of room for cooperation between Chinese and European enterprises in various emerging industries, which has brought great potential for the progress of mutually beneficial partnership between the two sides." Jin Luka, Vice President of the South China Branch of the European Union Chamber of Commerce in China, told Nanfang Daily that by giving full play to their respective advantages, Chinese and European enterprises can promote innovation Create value and contribute to the sustainable and Open economy growth of the two countries. At the same time, European enterprises are also facing challenges in their operations in South China and the Guangdong–Hong Kong–Macao Greater Bay Area. The Report shows that enterprises in South China are taking measures to cope with rising costs and revenue losses. 72% of the interviewed enterprises are focusing on improving production automation, and 78% of the interviewed enterprises are focusing on improving efficiency. (New News Agency)