The ongoing trade clash between Beijing and Washington is 'not good for business', a survey of European firms in China has foundBEIJING - European firms are "caught in the crossfire" of the US-China trade war and fewer are optimistic about their future in the world's second-largest economy, a business survey showed Monday. The study, which received replies from 585 firms, was conducted in January, as trans-Pacific trade tensions eased. But early this year, a quarter of European companies in China said they were already suffering from the US increase in tariffs on Chinese products. Many European companies manufacture products in China and export them all over the world. "The fundamental issues driving the trade war need to be resolved by addressing market access barriers and regulatory challenges while also tackling SOE reform and forced tech transfer," Roule stressed.

Source: Bangkok Post May 20, 2019 04:52 UTC