Premier Wen Jiabao reassured the World Economic Forum’s (WEF) in Tianjin on Monday that foreign companies will be given equal treatment by Beijing amid claims of discrimination, the South China Morning Post reported. Though China has moved up in the WEF’s Global Competitive Index, World Bank rankings on the ease of doing business in the country have declined this year. Multinationals have expressed concern that they are being sidelined in areas like state procurement. Complaints over policy transparency, fair dealing and market access arose in July when General Electric (GE.NYSE) CEO Jeffrey Immelt said it was not clear whether China wanted foreign businesses to be successful. Wen was also postive on the outlook for the nation’s economy. "China’s economy is now in good shape, featuring fast growth, gradual structural improvement, rising employment and basic price stability," he said.
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