Concern among U.S. companies that China is backtracking on opening its economy are at a 10-year high, President and Chief Executive Thomas Donohue of the U.S. Chamber of Commerce said, adding that U.S. companies are increasingly worried about investing in China because of uncertainty over future industrial policy measures. He said the argument that China was a developing country and therefore entitled to certain policies that developed countries were not, did not always hold true, but he also said that China had been making great progress compared with many other countries.

• Supplement VII to the Mainland and Hong Kong Closer Economic Partnership Agreement (CEPA) was signed by John Tsang, Hong Kong’s Financial Secretary, and Chinese Vice Minister of Commerce Jiang Zengwei. The new supplement, which takes effect on January 1 next year, will give Hong Kong firms greater and easier access to the mainland market in medical services, technical testing, specialty design, distribution, banking, securities, construction and tourism.