Executive Position Paper 2015/2016 - 总体建议书2015/2016 Go back »

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The Chinese economy is faced with the onset of a permanent slowdown. If China is to effect the necessary transition to a more sustainable economic growth model, it will depend on the speedy and thorough introduction of a new set of policy ‘tools’, which include:
• accelerating reform of the financial system;
• limiting state engagement in the economy;
• increasing market access for the private sector, including foreign business;
• committing to the rule of law;
• abolishing the foreign investment catalogues and committing to a nationwide roll-out of the Negative
List; and
• fostering an innovative environment.
Once deployed, these tools will allow the drivers of sustainable growth to emerge from the business

sector, which are:
• services;
• value-added production;
• quality investment;
• innovation;
• competition; and
• compliance.


It has been two years since the promulgation of the Third Plenum’s Decision,1 a document of 60 decisions or principles that are supposed to guide the Chinese Government’s policies throughout the current administration and beyond.2 Because the Decision placed such an emphasis on market forces, the hopes of foreign business that meaningful economic reforms would be forthcoming were raised to an all-time high. However, these hopes have now given way to a more subdued optimism in an emerging politicaleconomic environment that can be described as one of ‘reform and closing up’.

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