BEIJING (AP) — A European business group appealed to China on Thursday to curb state industry as a new generation of Communist Party leaders take power, adding to warnings the government-dominated economy needs sweeping reforms to keep growth high.
“Incremental and piecemeal reforms must give way to urgent and comprehensive reform,” the European Union Chamber of Commerce in China said in a report. “These changes are now urgently required not only for China, but also for global economic growth.”
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