European companies in China have ranked a domestic slowdown in the world’s second-largest economy as a bigger challenge for them than the trade war, underlining the hurdles for Beijing as it negotiates with the US on tariffs.
A record number of the 503 companies surveyed by the EU Chamber of Commerce in China also said doing business in the world’s second-largest economy had become more difficult and were pessimistic about future profitability.
“Now, by a wide margin, it is China’s economic slowdown that is seen as having the greatest impact on future business,” said Jens Eskelund, EU Chamber of Commerce in China president, ahead of the launch of the survey on Wednesday.
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