China urgently needs economic reform, says European Chamber

Since a new thrust by Xi Jinping toward opening the economy was set out last year, more has been announced than implemented, the chamber said

China urgently needs to build on its much—vaunted opening to outside investors by releasing a clear timeline for its reform agenda and working to put international and domestic companies on an equal footing, the European Union Chamber of Commerce in China said.

Since a new thrust by President Xi Jinping toward opening the world’s second-largest economy was set out last year, more has been announced than implemented and much of that has been of limited use to non-Chinese companies, the chamber said in a report