HONG KONG — China must reprioritize economic growth and reforms and boost investor confidence by leveling the playing field for all companies in the country, a European business group said Wednesday.called on China to open its economy and allow a more free market to determine resource allocation. It also recommended introducing policies to boost domestic demand.
Many European businesses are deciding that the returns on investments in the world's second-largest economy are not worth the risks, due to issues including The European Chamber’s paper proposes over 1,000 recommendations for China to resolve challenges and problems faced by European businesses operating in the country and boost investor confidence. Among them are calls for China to refrain from punishing companies for the actions of their home governments. Others include ensuring that policy packages for attracting foreign investment are followed by implementation, and refraining from “erratic policy shifts.
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