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European chamber urges China to create ‘investment reciprocity’ to quell the tensions with its trading partners
China must strive to create reciprocity in investment relations to de-escalate the tension with its trading partners, a group representing the interests of European Union companies operating in the country said in a new report. The European Union Chamber of Commerce in China, a non-profit and non-governmental organisation, said China needs to act with urgency to rectify a lack of value for foreign companies in the country. Among the issues that have stymied foreign companies in China, it said, are the dominance of state-owned enterprises, a policy that requires the mandatory transfer of technology from foreign ... (full story)