European businesses are spending less and investing less in China, according to a survey by the European Union Chamber of Commerce in China. This is because the Chinese economy is slowing down, and there is strong competition, which is making prices lower. The situation is made worse by problems in the property market and by Europe and the US trying to limit Chinese exports. The survey also shows that government support has led to too much investment in areas like electric vehicles, causing more supply than demand. This has started strong price wars and made companies look for markets outside China. 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 they receive unfair government help. Overall, the survey indicates that businesses are less confident and making less profit.