Souring trade ties between Brussels and Beijing are weighing on European firms operating in China and forcing them to focus more on managing risks instead of making efficient business decisions, a commerce lobby group has warned.
The European Union’s recent ‘de-risking’ moves have fuelled concerns about the politicisation of the business environment in China to record highs, a new survey by the European Union Chamber of Commerce in China found.
That fear is leading European firms in the country to focus ‘disproportionately’ on managing risk and building resilience, instead of…