The agreements were signed this week between China’s top economic planner and European manufacturing conglomerates, including Airbus\n \n , BMW, Mercedes-Benz, Volkswagen\n \n , Siemens\n \n , and BASF, according to statements from the National Development and Reform Commission .
Relations are also strained from recent moves by European Union regulators and governments to limit China’s access to sensitive technology. Earlier this year, Europe joined the United States in its chip war with China, as the Netherlands announced new restrictions on overseas sales of semiconductor technology. The Netherlands is home to ASML Holding, a key supplier to the global semiconductor industry.
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European Business Confidence in China Falls to Record Low, Poll ShowsThe confidence of international businesses in China is at a record low as the hoped-for recovery in the world’s second-largest economy fizzles and Beijing’s relations with its biggest trading partners deteriorate
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