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of <h1>European Firms Face Steep Economic Challenges in China as Business Confidence Drops and Market Competition Intensifies</h1> European companies are experiencing challenges in China due to economic slowdown and intense market competition. The survey by the European Union Chamber of Commerce reveals declining business confidence, reduced investments, and profit margins. Overcapacity in industries like electric vehicles, government subsidies, and export pressures are contributing to the difficult business environment, with companies struggling to maintain profitability amid complex economic conditions.
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