Facing a 'perfect storm' that has battered foreign investors' confidence in the world's second-largest economy, Beijing can still weather the downturn if it takes decisive action, according to the new head of the European business association in China. To restore that lost confidence, the Chinese government must foster much greater certainty in its business environment, said Jens Eskelund, who was elected on May 24 as president of the European Union Chamber of Commerce. And he said that steps toward that goal should include increasing information transparency and data reliability, as well as reducing policy ambiguity and removing unfair market restrictions to foreign business.

https://www.thestar.com.my/aseanplus/aseanplus-news/2023/08/18/chinas-economic-crisis-of-confidence-has-shattered-faith-of-foreign-investors-warns-european-business-head-in-call-to-action

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