European Firms More Wary of Investing in China, Report Says
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European businesses are becoming increasingly “defensive” toward investing in China, according to a lobby group that represents companies from Volkswagen AG to Unilever Plc, as sentiment shifts around ties unsettled by trade tensions.
A report published on Wednesday by the European Union Chamber of Commerce in China offered a more pessimistic assessment of the country’s growth outlook but sounded hopeful about containing the scale of the trade conflict between the two sides. Still, the prospect of less investment is alarming after a quarter when China saw a record amount of money pulled by foreign entities.