EU companies lose optimism

Things are increasingly difficult between the two trading blocs.

The China euphoria of earlier years has given way to great skepticism. Among European companies, there is now a sense of China fatigue in the face of never-ending Zero-Covid measures, which sparked a whole series of economic problems. A new position paper of the EU Chamber in China makes this obvious.

The opening words alone tell the reader all about the mood: „Although Europe and China already sit at opposite ends of a shared continent, it seems they are drifting further and further apart,“ writes EU Chamber President Joerg Wuttke in this year’s position paper of the EU Chamber of Commerce in China. The paper’s central message is that „Ideology Trumps the Economy“.

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