If national treatment is the goal, laws that differentiate foreign-invested from domestic enterprises should be abolished, and all businesses in China should operate under a uniform company law, the chamber noted. Additionally, the stated ambitions to further strengthen free trade zones (FTZs) to pilot new policies and liberalise the Chinese economy indicate a timid approach to reform that is not representative of China’s economic weight and maturity, according to the chamber. European businesses are increasingly disenchanted with FTZs, which separate producers from their consumers and present logistical challenges. After four decades of experiencing the fruits of economic liberalisation, China should focus on opening up new sectors of its economy to foreign investment, not ‘piloting’ reforms in areas that are ringfenced from the rest of the country, the chamber added. (DS)
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