News Snapshot:
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. Just as the United States is attempting to purge its networks of Chinese-made software and components, China, which is heavily dependent...
