The American Chamber of Commerce in South China has assessed the ongoing reform in the world's second-largest economy in a new report, while nodding to its impact on businesses. After three months of research on 351 enterprises, mostly foreign joints, the chamber released its sixth white paper on China's business environment this week, in response to investor interests and concerns. Harley Seyedin, president of the chamber, said, "More than two-thirds of the paper is dedicated to reform. We make a single recommendation: continue moving forward." According to the report, more than 84 percent of the study participants view China's current business environment as "outstanding," "very good" or "good." And 60 percent plan to increase their investment in China over the next three years. "We seek not to conserve what came before but rather to build newer, fairer and more profitable structures upon the robust foundation," Seyedin said. He will find out if his call is heard by the Chinese government in early March, when China's top legislature and political advisory body have their annual meetings to set general policies on economic and social issues. "Reform" will no doubt be a key word at the sessions this year. The Central Committee of the Communist Party of China announced a 60-point decision on comprehensively deepening reform in November. It vows to give foreign investors easier access to sectors including child care and senior care, accounting and auditing, commercial logistics and e-commerce, education and culture. In the eyes of Zhang Liqun, an economist with the Development Research Center of China's State Council, reform and opening-up are inseparable in China's economy. The country's new round of reform covers finance and taxation, administration, investment and foreign trade, resulting in a higher-level opening, said Zhang.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor