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13/02/2017

Foundation

European companies demand more reciprocity to China


The European Business in China Position Paper 2016/2017, the most important annual publication of the European Chamber of Commerce in China, was presented today at the Unicredit headquarters in Via Grossi in Milan. At its sixteenth edition, this year's Position Paper offers about 900 recommendations to Chinese political decision-makers, drawing directly on the knowledge and experience of over 1,600 associated companies in the European House. The event was organized by the Fondazione Italia Cina and the European Chamber of Commerce in China, in collaboration with the Italian Chamber of Commerce of China, the EU China Business Association and Unicredit.
Jochum S. Haakma, President of the EU-China Business Association (EUCBA), spoke at the presentation in Milan. Sara Marchetta, Vice President of the European Chamber of Commerce in China; Rosangela Marchelli, Professor of the University of Parma; Giovanni Castino, General Affairs and International Relations Bracco SpA; Luciano Cenedese, Head of UniCredit International Center Italy. To moderate the dialogue Marco Bettin, Operational Director of the Italy China Foundation and Secretary General of the Italian Chamber of Commerce of Italy.

Contents:

• This year's paper contains a detailed analysis of the XIII Five Year Plan and its importance for the positioning of the European business in the Chinese market together with the review of the reforms contained in the Third Plenum Decision and an assessment of how their implementation, Or lack thereof, has influenced the Chinese business environment over the past 12 months. European entrepreneurship in China asks strongly that reforms and the 2025 Made in China plan for modernization of the manufacturing sector are guided by market forces and not by the central government.

• The Position Paper confirms and underlines the persisting lack of reciprocity in EU-China bilateral economic relations: while Chinese investment in Europe has continued to grow rapidly, European companies are faced with a wide range of restrictions that prevent them from contributing At the next stage of China's economic development. The document also contains the concerns of the 25 working groups of the European House of Work Environment in their respective fields.

• To foster this path, the European Chambers of Commerce in China also urges the EU-China Comprehensive Agreement on Investment (CAI) by 2017 to sign an agreement that includes a major market opening component that Sino-European relations can develop their potential.

"European businesses continue to hear about reform commitments aimed at enhancing market access for foreign companies, as well as statements that emphasize their importance for the Chinese economy," says Position Paper. As you please, you have already heard before: the hope now is that the words accompany the facts. At a time when global economic growth remains fragile, China and Europe are likely to suffer if China is unable to fully develop its full potential. In the interests of mutual prosperity, European companies want China to succeed. The European Chamber of Commerce can therefore only continue to exhort the necessary market-oriented reforms without further delay. "

"This year's appointment is not limited to the presentation of Position Paper to Italian companies," said Marco Bettin, Operations Director of the Italian China Foundation and Secretary General of the Italian Chamber of Commerce of Italy, but is also a great opportunity to make The point on the current trend of Chinese investments in Europe, as well as providing guidance on a strategic sector for the Italian economy such as pharmaceutical / medical and one on a major issue such as food security, on which the Foundation is currently engaged thanks To the Eat'Safe project ".

CeSIF data (Enterprise Studies Center of the Foundation Italy China):
Chinese investments in the European Union went from 20 to 35 billion euros (Merics-Rhodium source) in 2016, + 77% compared to 2015, with a Strong growth in investment in advanced technology and manufacturing, and a sharp decline in real estate. If Southern Europe (Italy in the first place) weighed about 42% of EU investment in 2015, in 2016 - where alone the United Kingdom and Germany exceeded 50% - this share accounted for less than 10%. This strong European growth also reveals an ever-increasing asymmetry in mutual access to the market, as European investments in China did not exceed 8 billion euros. Thus, if the trend of data suggests that China's investment in Europe will remain high in the future, the impact on these of political uncertainty also stemming from the recent Chinese tightening up of capital control coming from the country and a possible future attitude of minor Openness by European politics will need to be carefully monitored.

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