European Companies Cut China Operations Amid Challenges

European companies are facing problems in China. They are cutting costs and reducing investments there. The Chinese economy is getting slower, which hurts their business.

China's economy has some big problems now. The real estate market is in crisis and people spend less money. Europe and the U.S. are not happy about China's growing exports.

The European Chamber of Commerce made a report about this. It says things are getting worse for businesses in China. Chinese companies make too many products, like electric cars.

There are too many products, so prices are going down. This makes it harder for companies to make money. Chinese companies are now trying to sell more products to other countries.

Europe is worried that China's products will hurt their own factories. The EU put taxes on Chinese electric cars. The EU wants China to help increase demand, not just production.