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EU Businesses Worried by "Economic Nationalism" in China

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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-10-08 06:47 PM
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EU Businesses Worried by "Economic Nationalism" in China
"European companies are generally optimistic about their business in China, but their concerns remain about market access, transparency, intellectual property rights and environmental sustainability," the European Union Chamber of Commerce in China said in a "position paper" on Tuesday, Sept 9.

"Economic nationalism appears to be a growing concern," the paper, which was based on a survey of many of its 1,400 members, said.

Joerg Wuttke, president of the chamber, said foreign businesses continued to benefit from China's strong economic growth but warned that "trade barriers and investment hurdles are getting more sophisticated."

"European business could contribute more to China's economy if our companies shared a level playing field with their domestic competitors," he told reporters.

http://www.dw-world.de/dw/article/0,2144,3633627,00.html
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