European business group warns of China economic stagnation if SOEs not reined in

  • 📰 Reuters
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

A top European business lobby said on Tuesday that China must fulfill promises t...

BEIJING - A top European business lobby said on Tuesday that China must fulfill promises to give greater sway to market forces and rein in its bloated state sector, warning that not doing so will lead to economic stagnation and stoke continuing tensions with trade partners.

“With a possible crisis looming on the horizon it’s now the time to walk the talk,” European Union Chamber of Commerce in China President Joerg Wuttke told reporters ahead of the launch of the chamber’s annual position paper. Chinese banks have long tended to favor lending to the state sector as repayment is seen as guaranteed. Many of China’s smaller, private companies have struggled to access credit amid a crackdown on the shadow banking system, which they had relied on instead.

Beijing’s support for its SOEs also leads to suspicion abroad and is driving current U.S.-China tensions, said the paper. U.S. demands that China curb the development of its SOEs were described as an “invasion” on its economic sovereignty by Chinese state news agency Xinhua in May.

 

コメントありがとうございます。コメントは審査後に公開されます。

Reforming SOE is a prerogative right of employers. If they don't stand global competition,its natural,they decline/die.No country can arrogate to interfere with other country/employer in its policy,management/control. EU has no such right with china/ any country except to trade?

EU again Protection racket

Let them live, Chinese have helped a lot to the US

🤔 teaching china

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 2. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

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.
ソース: CNBC - 🏆 12. / 72 続きを読む »