AmCham urges China to press ahead with reforms
April 27, 2015 Category Foreign investment, Weekly
China is being urged to press ahead with reforms to create a more transparent and fair environment for foreign businesses in industries including agriculture, banking, and information technology, according to the 2015 White Paper issued by the American Chamber of Commerce (AmCham) in China. Despite the improvements made, “substantial problems” have remained in four policy priority areas: rule of law, market access, standards, and intellectual property rights, the Chamber said at a press briefing in Beijing. “Non-transparent, unclear, and inconsistent rule-making was identified by 65% of our members as limiting their ability and willingness to invest in China, and has remained a top challenge to business for the last four years in a row,” AmCham said. China’s rule-making about information and communications technology (ICT), for example, which is “by some measures the largest single category of U.S. exports to China” and a key issue in the U.S.-China Bilateral Investment Treaty (BIT) negotiations, had lacked transparency, AmCham said. The Chamber also said it was hopeful that China “will seriously and significantly” open up further to foreign investment, especially in the financial services, agriculture, automotive, and health-care sectors.
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