EU Parliament Foreign Affairs Committee Meets with China-EU Business Council Official on July 21

According to Jin10, on July 21, Stefan Bernhart, Vice President of the China-EU Chamber of Commerce, met with a delegation from the European Parliament's Committee on Foreign Affairs led by David McAllister. Bernhart discussed major economic trends affecting European businesses operating in China, citing real estate crisis, weak consumer confidence, and export-driven policies that have created supply-demand imbalances and unsustainable domestic competition. European business confidence hit historic lows as a result, though recent structural adjustments suggest potential recovery signs. Despite ongoing challenges, Bernhart noted that China remains a critical market for European enterprises due to its innovation capabilities, industrial ecosystem, and sourcing advantages.
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