European business group calls for China to end self-reliance strategy

European business group calls for China to end self-reliance strategy

China should abandon a top-level strategy promoted by President Xi Jinping to increase self-reliance, or risk harming innovation and growth prospects, said a European business group on Thursday (23 September).

European Businesses Urge China to Open Up, Avoid Inward Turn

(Bloomberg) -- European businesses in China urged the country to steer away from what they see as an "inward" turn of the economy to achieve self-sufficiency, which has impeded their operations and prospects. Read More

Business group: China's tech self-reliance plans hurt growth

A foreign business group in China says the ruling Communist Party’s campaign to tighten control over China’s industries and reduce use of foreign technology is denting its economic growth

Business group: China's tech self-reliance plans hurt growth

The ruling Communist Party’s campaign to tighten control over China’s industries and use less foreign technology is slashing economic growth, a foreign business group warned Thursday.The European Union Chamber of Commerce in China appealed to Beijing to reverse course and open state-dominated markets wider.Its report adds to warnings about the costs of Beijing’s strategy at a time when economic growth is in long-term decline and the workforce is…

Business group: China's tech self-reliance plans hurt growth

The ruling Communist Party’s campaign to tighten control over China’s industries and use less foreign technology is slashing economic growth, a foreign business group warned Thursday.The European Union Chamber of Commerce in China appealed to Beijing to reverse course and open state-dominated markets wider.Its report adds to warnings about the costs of Beijing’s strategy at a time when economic growth is in long-term decline and the workforce is…

Business group: China's tech self-reliance plans hurt growth

By JOE McDONALD AP Business WriterBEIJING (AP) — A foreign business group in China says the ruling Communist Party’s campaign to tighten control over China’s industries and reduce use of foreign technology is denting its economic growth. The European Union Chamber of Commerce in China appealed to Beijing to reverse course and open state-dominated markets wider. The Chamber’s report adds to warnings about the costs of Beijing’s strategy at a time…