Bold reform is needed and expected from one of the most important NPC and CPPCC meetings this decade Go back »

2013-03-06 | All chapters

China’s new leadership needs to take this opportunity to foster the conditions of healthy competition by giving full play to private industry and allowing greater market access. Such reforms may produce some difficulties in the short-term and will likely be resisted by a minority who benefit from the status quo. However, the opening up of sectors to greater competition from both Chinese and foreign companies-as well as the elimination of preferential policies for state-owned industries-is needed to produce greater productivity and efficiency and to help meet the major development and environmental goals, such as the additional 9 million urban jobs, the further stimulation of private investment and the greater levels of innovation, outlined in the recently released work report.

Every year the Chamber highlights the importance of consultation. The Lianghui by its very nature provides a strong conduit for increased consultation. The increased number of delegates from various corners of society as well as the engagement of many representatives with the greater public through social media also adds to the importance of this transitory year of leadership. The European Chamber is also encouraged by signs that China’s incoming leaders will take the opportunity of this year’s Lianghui to simplify bureaucracy and streamline processes through eliminating overlapping responsibilities between ministries and government departments, although the Chamber hopes that these forthcoming changes in personnel or in structure not distract from business as usual for the government’s crucial day-to-day administrative work at this critical time.

Davide Cucino, President of the European Chamber commented, “China’s new leadership needs to take advantage of this opportunity to implement the reforms proposed in the 12^th Five-Year Plan. Reform has stalled in recent years - this is not sustainable and carries high risks. China’s transition to an innovative, consumption-driven economy will not be easy, and bold decisions will have to be made to achieve those targets identified.”

About The European Union Chamber of Commerce in China

The European Union Chamber of Commerce in China was originally founded by 51 member companies based in China on 19^thOctober 2000. The rationale for the establishment of the European Chamber was based on the need of the European Union and European businesses in China to find a common voice within various business sectors. The European Chamber is recognized by the European Commission and the Chinese authorities as the official voice of European Business in China, and seeks greater market access and improved operating conditions for European companies.

欲了解更多信息请联系/ For more information, please contact：

Ms. Yolanda Zhang

Press Officer 中国欧盟商会 新闻官
Office C412, Beijing Lufthansa Center, 50 Liangmaqiao Road, Beijing 100125
Tel: +86 (10) 6462 2066 x 22
Fax: +86 (10) 6462 2067
Email: yzhang@europeanchamber.com.cn

Source: The European Union Chamber of Commerce in China

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