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Business trends

China slowdown fears grip more European companies, EU chamber finds

Annual survey shows record-low appetite for investing in world's No. 2 economy

Beijing's Central Business District. European companies say weak demand in China is compromising their ability to make money in the market.   © Reuters

HONG KONG -- Significantly more European companies operating in China are worried a slowdown in the world's second-largest economy will hurt their profitability, the European Union Chamber of Commerce in the country said Friday.

The chamber's annual business confidence survey released the same day shows that 55% of respondents ranked the slowing Chinese economy as a top-three challenge, compared with 36% the previous year.

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