The sluggish growth also has coincided with increasing state intervention in the private sector in recent years, with crackdowns on the tech, education, health, and due diligence sectors and increased scrutiny of foreign business links.
“China will continue to expand market access, comprehensively optimize the business environment…and protect the rights and interests of entrepreneurs in accordance with the law.” “Our recommendation to the government is really to try to establish the highest possible level of clarity on these issues that would give us firm guardrails that we know to stay within,” he said.
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