By Reuters Staff
3 Min Read
BEIJING (Reuters) - 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.
FILE PHOTO: An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in Beijing, China June 25, 2018. REUTERS/Jason Lee
While political, trade and financial decoupling are concerning, China-U.S. rivalry in the technology sphere is set to cause the biggest upset, the European Chamber of Commerce in China and MERICS, a Berlin-based think tank, said in a report released on Thursday.