From CNBC: 2025-05-28 02:08:00

European business optimism about China hits record lows due to slower growth and geopolitical concerns. A survey by the EU Chamber of Commerce in China shows a record 73% of respondents find doing business in China more difficult. Cosmetics companies report a 45% drop in revenue in 2024, while aviation and aerospace industries find it easier to do business in China.

Supply chain competition remains fierce in China, where companies are pressured to stay competitive by offering quality at low prices. Despite challenges, some are increasing onshoring to China while others explore alternative supply chains overseas. Chinese and EU leaders plan to hold a summit in July to strengthen ties amid U.S. tariffs.

Read more: European businesses have never been this gloomy about China