(From Page 1) Currently, over half of the respondents do not have a partnership program with a Chinese university or vocational school, which is one effective way, according to Blake. He added that companies are trying to take action to address the issues and challenges of lacking talents and skilled labor. The Business Confidence Survey 2022 highlights that while a majority (58%) of members view the GBA’s development positively, doing business in South China is still challenging. Key challenges for operating businesses in the region include accessing credit or funding (a challenge for 33%), gaining construction permits (45%), making cross-border capital transfers (56%), relocating their operations in the region (37%), trading across borders (42%) and enforcing contracts (45%). |