A recent survey by the European Union Chamber of Commerce in China shows that European companies are spending less and investing less in China. This is mainly because the economy is slowing down and there is strong competition, which has caused prices to drop. The problems in the Chinese economy are made worse by a housing crisis and more opposition from Europe and the US to the growing amount of Chinese goods being exported. These issues have had a bad effect on businesses. The survey also points out that government financial help has led to too much investment in areas like electric vehicles, creating more products than people want to buy. This extra supply has started big price wars, making companies look for markets in other countries. In Europe, people are worried that more imports from China could harm local businesses and jobs. Because of this, the EU has put extra taxes on Chinese electric vehicles, saying that the subsidies are unfair. Overall, the survey indicates that businesses continue to feel less confident and are making less profit.