EUCCC calls for reforms

Courtesy of ICRT

The ECCT’s counterpart in China says that China must reprioritize economic growth and reforms and boost investor confidence by levelling the playing field for all companies in the country.

The annual European Business in China Position Paper published on Wednesday by the European Chamber of Commerce in China (EUCCC) says many European businesses are deciding that the returns on China investments are not worth the risks. It says business confidence is at an all-time low due to issues including an economic slowdown and a politicized business environment.