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.
Rotating Chairman of Huawei Technologies Co. Xu Zhijun holds an AI chip Ascend 910 in Shenzhen, China, on Aug. 23. (Naoyuki Fukuda)
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.
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.