China stays the course on reform after third plenum, leaving Western businesses in limbo

Quick Summary:

Western chambers of commerce in China, hoping for sweeping pro-market reforms from the third plenum, will have to keep waiting after an initial summary suggests little in the way of sea changes.

Top complaints include market access, barriers to government procurement, intellectual property protection, cross-border data transfers, the scope of law enforcement as well as the extent of new legislation related to national security.

Meanwhile, Han Wenxiu, deputy director of the general office of the Central Economic and Financial Affairs Commission, said at a media briefing on Friday that China will strive to stabilise foreign trade and investment.

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Article Details

Author / Journalist: Frank Chen

Category: Business

Markets: Hong KongChina

Topics: Communique Plenum China Reforms Commerce Economy Foreign Chamber Investment Economic Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 16:00:12 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 883 words

Reading Time: 5 minutes read

Sentences: 21 lines

Sentence Length: 43 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21682530

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