The quarterly index Danish Business Outlook on China (DBOC) for Q2 was published in May 2021 and was first established in January of this year.
Compared to Q1, the survey recorded very little change in the overall short-term outlook of Danish companies in China while the outlook of consumer-oriented sectors shows some improvement. Especially agriculture and food as well as design and lifestyle companies have reported progress and improved outlooks compared to first DBOC report for Q1. The logistics / maritime sector, however, has reported significant deterioration.
Other interesting insights from the DBOC report shows a clear difference in outlook on China between large companies and SMEs. While large companies have experienced a slight increase in their outlook for business activities in China, SMEs have seen less improvement in outlook on China, further increasing outlook disparities between the two.
You can find the full report on the Danish Ministry of Foreign Affairs' website here.
The DBOC index is a joint initiative of the Embassy of the Kingdom of Denmark in Beijing, the Danish Chamber of Commerce in China, Danish-Chinese Business Forum and the Sino-Danish Center for Education and Research (SDC).