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China promises EU to open economy to foreign companies

by ace
China promises EU to open economy to foreign companies

There are no risks of "empty promises" surrounding China's efforts to open its economy to foreign companies, the government said on Monday shortly before the start of an import event open to Europeans as well.

The Beijing report came after the European Union said the Chinese should make faster and more substantial improvements.

The EU, China's biggest trading partner, pointed out last week before the Shanghai fair that there were risks of falling on "empty promises", urging Beijing to "show more ambition and genuine efforts to rebalance and reach a more egalitarian alliance" .

China has been the target of strong accusations of unfair trade practices, from forced technology transfers to protectionist entry policies. The country has been criticized for making promises to open its markets and then not honor them.

At a news conference, Foreign Ministry spokesman Geng Shuang said China was pleased to note that, in a statement, the EU mentioned that sales of European companies benefited from last year's trade fair. first of its kind in the country.

European companies will also be well represented this year and will certainly be pleased with the event, Geng said. As for its commitment to reforms and openings, China has always adhered to its claims, he added.

"So that Europeans can rest. China has always kept its promises. There is no problem with empty promises." (tagsToTranslate) relations between Europe and China; opening of the Chinese market; trade reciprocity

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