EU companies more concerned about China slowdown than tariffs

European companies in China view the country’s economic slowdown as a greater challenge than the ongoing trade war with the US, according to a survey by the EU Chamber of Commerce. A significant 73% of the 503 surveyed firms reported increased difficulties in doing business, with 71% attributing this to China’s economic conditions, while only 47% cited US-China tensions. Despite regulatory barriers leading to missed opportunities, many companies still source components from China due to competitive pricing, highlighting a complex relationship amid declining optimism about future profitability.

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