Golden age for business in Chine faces an end

China must speed up economic reforms and limit domination of state-owned companies. Otherwise, it will face a slowdown and potential crisis, the EU Chamber of Commerce in China has warned today.

- Golden age for business in Chine faces an end. China is getting closer to disappearance of its spectrum of options so that it would create framework to balance its economy – it was stated at the annual report of the European Chamber of Commerce in China, reported by France press.

The group, presenting 1800 European companies announced that necessary changes comprise opening of Chinese industry to competition, more transparent regulations and less privileges for state-owned companies.