European Business Confidence in China Hits Record Low: Survey

A worker producing solar photovoltaic modules used for solar panels at a workshop in Huaian, Jiangsu Province, China, on Sept. 25, 2023. STR/AFP via Getty Images

News Analysis

European businesses in China are struggling to maintain profitability as growth slows and overcapacity pressures rise, resulting in a record drop in business confidence last year, the latest survey by the European Union Chamber of Commerce (European Chamber) in China revealed on May 10.