China Must Give Market Bigger Role as Growth Slows, Chamber Says
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China’s government must reduce its role in the economy and allow market-driven change to ensure sustainable growth, according to a report by the European Union Chamber of Commerce in China.
“China could previously make a choice between economic restructuring and maintaining growth,” Davide Cucino, president of the chamber, said at a briefing on its annual position paper in Beijing yesterday. Now “the only way to get sustainable growth is to carry out structural reform.”