European business representatives have slammed Chinese regulators for unfairly targeting foreign companies in a series of recent corruption and monopoly investigations.
Davide Cucino, president of the 1,700-member EU Chamber of Commerce in China, yesterday called for “a vast ceding of political control over the business environment” in China, saying that market forces would only be strengthened if the government stepped back from its “over-dominant role”.
He warned that liberalisation had stalled, pointing to state-owned enterprises that received “partisan treatment”.
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