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EU Chamber concerned over autarky trend

The EU Chamber of Commerce in China fears a decline in the internationality of the Chinese market. As a result of this trend, its economy could lose dynamism and innovative strength: “The corresponding loss of competition on the market will also affect China’s ambitions to become a leader in high-tech industries,” writes Chamber President Jörg Wuttke in the introduction to the “European Business in China Position Paper 2021/2022”, published today. There is a risk that Beijing will abandon the courageous reforms that the country has been pushing ahead with since the 1970s.

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