We want China to 'wake up' and open its economy even more, says European business group

Chinese state-owned enterprises receive preferential treatment from the government such as priority to get financing — which distorted competition in many industries, said the European Union Chamber of Commerce in China.

"Sometimes, you want actually China to wake up and see you can't only throw money at the economy. You actually have to change the structure," he said. One major hurdle that foreign firms operating in China face is the presence of Chinese state-owned enterprises, the paper said. Those firms, also known as SOEs, receive preferential treatment from the government such as priority to get financing — and that special treatment distorted competition in many industries, according to the report.

The Western alliance is starting to form. When we come together we are unstoppable.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

European business group warns of China economic stagnation if SOEs not reined inA top European business lobby said on Tuesday that China must fulfill promises t... 🤔 teaching china Let them live, Chinese have helped a lot to the US EU again Protection racket
La source: Reuters - 🏆 2. / 97 Lire la suite »

European stocks seen lower as traders watch US-China trade developmentsEuropean shares are set to open lower on Monday, with investors keeping a close watch for developments on the U.S.-China trade front.
La source: CNBC - 🏆 12. / 72 Lire la suite »