The business environment has improved for British companies in China over the past year despite a “generally pessimistic” outlook, an advocacy group said as it continued to ask for “meaningful” regulatory reform from Beijing, reports the South China Morning Post. Amid “mixed signals” from the Chinese government, British firms believe Beijing needs to take more action on long-standing market access issues to boost confidence, the British Chamber of Commerce in China said in its sixth annual position paper on Wednesday.
“For British businesses, who have long championed open global trade with China, the current ambiguity is frustrating,” said chamber chair Julian Fisher.
“Despite this, we recognise the remarkable progress in areas such as intellectual property rights and legal support for international businesses,” he said.