EU businesses worried by "economic nationalism" in China
Beijing - A range of non-tariff barriers to market access in China reflect a growing "economic nationalism" that is harming the interests of European firms and local consumers, a European Union business group said in a report released Tuesday.
"European companies are generally optimistic about their business in China, but their concerns remain about market access, transparency, intellectual property rights and environmental sustainability," the European Union Chamber of Commerce in China said.
"Economic nationalism appears to be a growing concern," said the chamber's annual "position paper," which was based on a survey of many of its 1,400 members.
Joerg Wuttke, president of the chamber, said foreign businesses continued to benefit from China's strong economic growth but warned that "trade barriers and investment hurdles are getting more sophisticated."
"European business could contribute more to China's economy if our companies shared a level playing field with their domestic competitors," he told reporters.
Wuttke said foreign businesses were "lacking good success stories" in mergers and acquisitions and would watch "very closely" the planned takeover of China's leading fruit juice firm by Coca-Cola Co.
State media said the Commerce Ministry planned an anti-monopoly review of the US-based soft-drink giant's 2.4-billion-dollar offer last week to buy the Huiyuan Juice Group.
Other problems cited by Wuttke included the exclusion of foreign firms from infrastructure projects and government procurement programmes in China.
"Economic nationalism is primarily driven by economic interest groups that try to gain a monopoly and try to exclude foreigners," he said.
The EU chamber said it would use the annual report to lobby the Chinese government, the European Commission and EU member states. (dpa)