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China's reform raises EU companies' expectations

2014-November-6       Source: Newsgd.com

European industry has faith that China can again replicate reformist successes of 1990s,according to the European Union Chamber of Commerce in China.

The European Union Chamber of Commerce in China launches the 14th edition of its primary advocacy document, the European Business in China Position Paper 2014/2015, in Guangzhou on Oct. 4. (Photo: newsgd.com)
Han Fanyan (R2), the Consultant Director from Guangdong Commerce Department answer questions from the audience in a Panel discussion. (Photo: newsgd.com)
European Chamber President Jörg Wuttke (L) and Alberto Vettoretti (R), the Board Chairman of European Chamber PRD Chapter receive an interview with newsgd.com. (Photo: newsgd.com)
Foreign Trade between Guangdong and EU (Jan-Sep, 2014)

European industry has faith that China can again replicate reformist successes of 1990s,according to the European Union Chamber of Commerce in China.

The chamber launched the 14th edition of its primary advocacy document, the European Business in China Position Paper 2014/2015, in Guangzhou on Oct. 4.

The Position Paper contains general and specific recommendations to Chinese policy-makers, outlining suggested steps to improve the Chinese business environment. The Paper is written by the European Chamber’s 1800 member companies through its working groups and forums.

European Chamber President Jörg Wuttke said, “China today stands at a crossroads. China has enough firepower to create sustained medium-levels of growth for many years to come if sustainable drivers of growth based around services, value-added, innovation and efficiency are fostered now.”

“Amidst difficult business headwinds and continued unfavorable treatment, European companies have been setting more modest expectations and revising down investment plans for China. The Decision of the Third Plenum has raised their hopes and expectations,” said Jörg Wuttke.

“While China has a strong track record of managing its past economic challenges with better results than many had predicted possible, no country is invulnerable to systemic crises.” Jörg Wuttke added.

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Editor: Yan

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