Latest News:  
Beijing   Overcast/Light to moderate rain    27 / 22 ℃  City Forecast

English>>China Business

European Chamber in China: Sustainable growth demands equal access

By Li Qian (People's Daily Online)

15:57, September 06, 2012

BEIJING, September 6 (People's Daily Online) -- The upcoming leadership transition provides the opportunity to enact much-needed reforms in China's approach to foreign and domestic private investment, according to the European Union Chamber of Commerce in China, which today launched the 13th annual edition of its primary lobbying document, the European Business in China position paper 2012/2013.

The Position Paper offers both Chinese and European policy-makers over 600 recommendations, which contains general and specific recommendations to Chinese policy-makers outlining suggested steps to improve the Chinese business environment. These cover general recommendations to improve the administrative and operational business environment.

China holds a historic opportunity to create the conditions for a second period of sustained growth through a move up the value chain, whereby the marketplace functions to ensure that the most innovative, productive and efficient companies prevail.

David Cucino, President of the European Chamber said, "The state-led investment model has reached the end of its shelf-life. It has fostered 30 years of breakneck growth and lifted millions out of poverty, but it is no longer sustainable because it is by nature unequal. Now the low-hanging fruits have been plucked and productivity returns on investment are more difficult, healthy competition is needed to ensure efficient capital utilization and to encourage private capital investment, as well as to drive income and consumption growth, but most notably, to breed innovation."

So China and the EU should together identify opportunities for cooperation. The China-EU partnership can provide opportunities for EU business in the process, and also beneficial for the overall sustainability of China's urbanization course. Such partnerships are not only important for their direct benefits to both parties, they can also assist in molding a more positive image of the China-EU relationship in the eyes of the public.

News we recommend:
Chinese brands on the rise Rare Earth Resolution Another realty boom not needed
Tapping the Potential of China-U.S. investment Mixed outlook on cost of homes Joining the 500 Club
A ruling in Europe gives cheer to China  Stronger Sino-US trade links vital Steel producers face bleak months ahead

Email|Print|Comments(Editor:李倩、厉振羽)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Soldiers take part in military training in Hohhot

  2. Putin's tender moment: Fly high with cranes

  3. A Treasure Trove of Resources

  4. Sculpture exhibition of Chinese culture opens at UN

  5. Plateau wildlife through lens of American photographer

  6. 'Bride stealing' custom all the rage in Bucharest

Most Popular

Opinions

  1. Exams still fairest way for kids' school selection
  2. Quality better for box office than quotas
  3. Don’t hand over judgment to foreign media
  4. China, Japan can find path to more stable future
  5. Editorial: FDI rise possible

What's happening in China

Man buys 2,000 bucket meals to block KFC's door

  1. Benz purchase puts orphanage in hot seat
  2. Agencies help foreigners evade rules to land jobs
  3. Guangdong to maintain child policy
  4. Woman killed in hit-and-run
  5. Man on trial for stabbing wife 34 times

China Features

  1. Italy makes efforts to attract Chinese students
  2. Chinese economy not to suffer a hard landing
  3. Urgent protection needed for the Yulin Great Wall
  4. 17 fairylands you must go in your life
  5. PR veteran: To know China is to know the future

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture