About 33 percent of Chinese companies surveyed reported a deterioration in the business environment within the European Union in 2023, according to a report released by China’s top foreign trade and investment promotion agency on Sunday.

Some EU member economies have developed a toolkit of protectionist policies, which have made it more difficult for foreign companies to invest, merge, acquire or participate in public procurement within the EU, said Zhao Ping, spokeswoman for the Beijing-headquartered CCPIT.

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