European businesses in China reach a 'tipping point' on whether to invest more

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European businesses in China reach a 'tipping point' on whether to invest more
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European businesses in China have grown so discouraged that Beijing must act if the companies are to invest further, the EU Chamber of Commerce in China said.

European businesses in China have grown so discouraged with the outlook for operating in the country that Beijing must act if the companies are to invest further, according to the EU Chamber of Commerce in China.

A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum , to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023.BEIJING — European businesses in China have grown so discouraged with the outlook for operating in the country that Beijing must act if the companies are to invest further, according to the EU Chamber of Commerce in China.

Such changes are part of Beijing's pledges to reduce what it calls the negative list, a collection of industries off-limits to foreign businesses in the country. Critics say that Beijing has tended to restrict foreign entities from operating in lucrative industries such as financial services until domestic players have gotten off the ground.

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