The European Chamber of Commerce in China blasted Chinese President Xi Jinping’s speech regarding opening up the markets yesterday. In the keynote speech at the China International Import Expo (CIIE), Xi introduced five initiatives, including stimulating potential for imports, broadening market access for foreign investment, creating a world-class business environment, exploring new horizons of opening up, and promote international cooperation multilaterally and bilaterally.
The Chamber criticized that much of the content delivered by Xi just “echoed” what was previously announced at Boao in April. And, this was just “constant repetition”, without “sufficient concrete measures or times lines”. And Xi has left the European business community “increasingly desensitized” to these kinds of promises.
Here is the full statement of the Chamber.
