President Jörg Wuttke Interviewed by CNBC on SOE Reform and China's Opening Up Go back »
2019-09-24 | All chapters
President Jörg Wuttke was interviewed by CNBC before the European Business in China Position Paper 2019/2020 launch event on 24th September.
President Wuttke said that the reason the Chamber focussed on state-owned enterprises (SOEs) for this year’s Executive Position Paper is that these entities are burning money in China. President Wuttke said there is a correlation of the density of SOEs and economic performance; in SOE-dominated north China, recession is hitting the region whereas in the private company-dominated south the Chinese economy performs really well.
Watch the interview here.
Source: CNBC