European companies concerned about a slowdown in China's reform

China’s leaders must follow through on delayed efforts to reform the economy if they want to engineer a soft landing to its growth slowdown, a European business group warned on Tuesday.

China’s leaders so far haven’t fulfilled promises to give more freedom to markets, to overhaul its legal system and to make other moves that would loosen economic constraints, the European Union Chamber of Commerce in China said Tuesday in its annual position paper on business conditions in China. That sluggishness will work against efforts to contend with the current slowdown, said Jörg Wuttke, the EU Chamber’s president. (Trebitsch Péter, MTI)