Foreign business has a more subdued optimism

By Wang Yanlin | September 8, 2015, Tuesday |

Online Edition

FOREIGN business has a more subdued optimism when the Chinese economy is faced with the onset of a "permanent slowdown," said a report by the European Union Chamber of Commerce in China released today.

"Foreign business hailed the promulgation of China's reform vision. But now it is clear that some reform momentum has been lost," according to the position paper of the chamber's annual flagship publication European Business in China.

The paper is considered a "wish list" by the chamber, and a reflection of the sentiment of European businesses in China.

The chamber expected to see an economic model in which market forces decide on the allocation of the resources in the economy under the auspices of the rule of the law, consumption holds a significantly larger share of the economic output, and there exists no discrimination between domestic and foreign investment.

Besides, there should be harmonization with global standards and supply chains, and the state plays a reduced role in the economy, acting solely as regulator and enforcer.

Business

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Foreign business has a more subdued optimism

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