European business confidence in China is at all-time low, says report ...Middle East

China must reprioritise economic growth and reforms and boost investor confidence by levelling the playing field for all companies in the country, a European business group said Wednesday. With business confidence now at an all-time low over lagging domestic demand and overcapacity in certain industries, the annual European Business in China Position Paper called on China to open its economy and allow a more free market to determine resource allocation. It also recommended introducing policies to boost domestic demand. Profit margins in China are at or below the global average for two-thirds of the companies surveyed earlier in the year, according to the paper published Wednesday by the Euro

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