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BRUSSELS, Oct. 11-- EU's business environment for Chinese companies is satisfactory, but challenges for them remain, according to a report published here on Friday. According to the "Report on the Development of Chinese Enterprises in the EU," drafted jointly by the China Chamber of Commerce to the EU (CCCEU) and Roland Berger Management Consultants, Chinese enterprises active in the EU have created 250,000 local jobs. Chinese companies consider the EU countries not only a sales market. A number of Chinese firms have established their research and development (R&D) centers and factories in the EU, counting on long-term growth. Huawei has built no less than 23 R&D centers in 14 EU countries, where 2,383 R&D staff are employed and over 75 million euros (82.9 million U.S. dollars) are invested. The share of private equity in total investment by Chinese enterprises in Europe has increased from 14 percent in 2010 to 60 percent today, the report says. Drawing on state-of-the-art technologies, such as cloud computing and artificial intelligence (AI), China's Tencent, an internet-based private technology firm, supplies German carmaker BMW advanced and integrated technology and platform for autonomous vehicle development. Zhou Lihong, chairman of the CCCEU, told reporters that Chinese entrepreneurs have confidence in the EU's large market of 500 million people and in the professionalism of EU's business partners and high-quality employees. | 
