A yearly report from the European Union Chamber of Commerce in China states that European companies are spending less and investing less in China. This is because China's economy is slowing down and there is strong competition, which is making prices fall. The slowing Chinese economy, made worse by a property crisis and more resistance from Europe and the US to Chinese exports, is negatively affecting these businesses. The report suggests that government money has caused too much investment in areas like electric vehicles, meaning there is more supply than people want. This extra supply has led to strong price competition, making companies look for customers in other countries. In Europe, people are worried that more products from China could harm local businesses and jobs. Because of this, the EU has put extra taxes on Chinese electric vehicles, saying they receive unfair government help. The report also shows that businesses are feeling less confident and making less money.