European companies ask for better access to China market

Almaty. September 20. Silkroadnews – European companies ask for better access to China market, German Deutsche Welle reported.
“The EU Chamber of Commerce in China on Tuesday issued a 400-page report highlighting the regulatory obstacles that continue to hinder investment in the world's second-largest economy,” the report says.
European businesses suffer from the accumulated long-term fatigue with a lot of promises and assurances made over the past few years, though not realized, the publication notes.
It is reported that the EU Chamber of Commerce has urged the Chinese government to replace words with concrete actions and provide access to the country’s market. It is noted that the restrictions imposed on foreign investors force overseas companies to cooperate with local firms and often share vital technologies to avoid losing access to certain segments of the market.
“We’re now calling for the abolition of foreign investment laws. The numbers speak for themselves: Chinese investments in Europe rose by 77 percent last year, while EU investments in China fell by a quarter,” the agency quoted EU Chamber of Commerce President Mats Harborn saying.
According to the publication, in the first quarter of 2017, EU investments fell by another 23%. A survey conducted in May showed that 54% of EU companies working in China believe they are treated worse compared to their local partners.