China Urgently Needs Economic Reform, European Chamber Says
- Double-standards in place for domestic, foreign firms: report
- Unfair technology transfer still an issue for many firms
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China urgently needs to build on its much-vaunted opening to outside investors by releasing a clear timeline for its reform agenda and working to put international and domestic companies on an equal footing, the European Union Chamber of Commerce in China said.
Since a new thrust by President Xi Jinping toward opening the world’s second-largest economy was set out last year, more has been announced than implemented and much of that has been of limited use to non-Chinese companies, the chamber said in a report released Tuesday in Beijing.