EU companies in China should 'prepare for the worst' in digital decoupling - report

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EU companies in China should 'prepare for the worst' in digital decoupling - report
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BEIJING - Digital decoupling between China and the United States could severely impact EU businesses in China and they should "prepare for the worst" and may be forced into a costly separation of thei

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BEIJING - Digital decoupling between China and the United States could severely impact EU businesses in China and they should "prepare for the worst" and may be forced into a costly separation of their international operations, European business groups said.

Chamber president Joerg Wuttke,speaking at a briefing ahead of the report's launch, warned of a "gathering storm". They said 19 percent of companies had abandoned or postponed new projects, goods or services because of China's regulations on personal information. Protectionism in China is already making it hard for companies to use European digital solutions and network equipment, said Jacob Gunter, also at the chamber.

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