A recent report from the European Union Chamber of Commerce in China shows that European companies are spending less and investing less in China. This is because China's economy is slowing down, and there's strong competition, which is causing prices to drop. The slower Chinese economy, made worse by issues in the housing market and growing resistance from Europe and the US to more Chinese products, has negatively impacted these businesses. The report suggests that government support has led to too much investment in areas like electric vehicles, meaning there are more products than people want to buy. This extra supply has caused intense price wars, making companies look for markets outside China. In Europe, people are worried that more imports from China could harm local businesses and jobs. The EU has responded by adding taxes on Chinese electric vehicles, saying they receive unfair government help. The report indicates that businesses are feeling less confident and making less money.