Survey: Chinas economic slowdown is the biggest challenge in Chinese European en

(Beijing Reuters) The Chinese EU Chamber of Commerce shows that the slowdown in China's and global economic slowdown is the biggest challenge facing European European companies, followed by the issue of political tensions and decoupling in China and the United States.

Reuters reports that according to the annual survey report released by the Chinese EU Chamber of Commerce on Wednesday (June 21), the number of European companies in the top three investment destinations in the future of the top three of the future investment destinations will be reduced to the lowest level since 2010.

Rising interest rates and inflation are compressing the needs of Europe and the United States.Chinese companies are facing the dilemma of a sharp decline in prices, and the risk of currency tightening is exacerbating the pressure of China's economy.

Report mentioned that the number of European companies that reported their national revenue in 2022 increased their number of European companies three times compared with 2021; China's importance to companies' global profits declined for the second consecutive year.

The Chinese EU Chamber of Commerce said that the confidence of companies in the past three years has deteriorated significantly and cannot be reversed overnight.

The investigation of the chamber of commerce is based on the perspective of membership from February to early March, revealing that last year due to market access and regulatory barriers, a large number of companies lost business opportunities and even closed their business in China.

Since the end of last year, China has relaxed strict crown disease control measures, and the foreign direct investment (FDI) has slowed sharply in China. From January to May this year, the FDI, which was priced at USD 5.7%year -on -year.

The trade deficit between the European Union and China expanded to 396 billion euros in 2022 (about S $ 581 billion).The European Commission President Feng Delin called on the EU at the end of March this year to "risks" China in economy and diplomacy.