BEIJING - European businesses in China have grown more pessimistic in their growth outlook, as the effects of a protracted trade war begins to take its toll on both the Chinese and world economies, according to a survey released on Monday (May 20).

While some pundits had expected European firms to benefit from the clash between the US and China, any gains have been far outweighed by the negative impact to global supply chains and added uncertainty in the business environment, the European Union Chamber of Commerce in China said.