Headwinds blow European companies off track

Slowing growth in China hits sales as report by the EU Chamber of Commerce shows that firms plan to cut costs

Jack Luo, a salesman at a German auto dealership in Beijing, plans to start looking for another job after four of his friends left to join other companies.

Before car sales started to stall this year, he could make at least 15,000 yuan ($2,346) a month. But now he has to rely on his basic salary of about 3,000 yuan.