Despite heavy bureaucratic requirements, China's boom is likely to remain profitable for European companies, the European Union Chamber of Commerce in China has said. The union's annual report on business conditions says 83% of members expect to be profitable in China in 2006 and most are focused on China's domestic market rather than producing here to ship overseas, the Wall Street Journal reported. "European business are very bullish about the future. That means revenues as well as margins," chamber vice president Joerg Wutke said, adding he expects only a gradual slowdown from the 10.9% economic growth seen in the first half. The European chamber's report is in line with similar reports released recently. A report from the US-China Business Council in Washington that says 81% of its member companies have profitable operations in China.