EU Business Group Chief Urges China to Tackle Economic Uncertainty
The head of the European Chamber of Commerce in China has called on Beijing to address economic uncertainties and provide clarity on a national security crackdown that is unsettling foreign businesses. China's second-largest economy has been battling a slowdown, prompting concerns and downgraded growth forecasts. The European business group highlights mixed messages from Beijing's policy response and urges the government to rebuild confidence. The prolonged economic slowdown is accompanied by weakening domestic and global demand, a property crisis, rising unemployment, and increased state intervention in the private sector. The group emphasizes the need for clarity on ambiguous legislation and a level playing field for private businesses.
