What this have to do with morals? European companies do business with Saudi Arabia and Israel and only stopped to do with Russia because they aren’t allowed to do.
All of this discussion is about risk management of possible crisis and he disagree with the risk seen by Europeans companies.
And maybe the fact he is the president of the European Chamber of Commerce in China should be seen as a plus in considering his opinion. You are baseless imputing conflict of interests to say we should ignore a specialist in the matter cause (inserts meme of trump saying “CHINA”)
Actually, 85% retracted but the remaining 15% seems barelly receive signals. It is even worse