European firms cut costs, curb investments in China amid slowdown,...

European firms cut costs, curb investments in China amid slowdown, rising competition

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European companies are reducing expenses in China. They are also halting investment plans. A new survey reveals this trend. China's economic slowdown is impacting profits. Local competition is also a factor. The property sector crisis affects consumer spending. Europe and the United States are resisting Chinese exports. Concerns rise about Chinese imports affecting domestic manufacturing.

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