European enterprises, grappling with China's decelerating economic tempo and the crucible of hyper-competitive pressures precipitating deflationary spirals, are enacting stringent austerity measures and curtailing capital expenditure within the People's Republic, as evidenced by the annual compendium of the European Union Chamber of Commerce in China; this retrenchment is further compounded by a confluence of factors including a precarious property market and burgeoning transatlantic protectionist sentiment aimed at mitigating the influx of Chinese exports, whilst government subventions have engendered egregious overcapacity in sectors such as electric vehicle manufacturing, instigating internecine price wars and incentivizing an aggressive pursuit of external markets, thereby engendering anxieties within Europe regarding the potential erosion of indigenous industries and employment prospects, prompting retaliatory tariffs on Chinese electric vehicles premised on allegations of inequitable subsidization and culminating in a discernible diminution of both corporate morale and bottom-line profitability, as meticulously documented within the aforementioned survey.