EU businesses warn China over ‘slow’ reforms

BEIJING: The main European business lobby in China warned Tuesday that “slow” implementation of market reforms risks plunging the country into stagnation, as concerns mount about slowing growth in the world’s second-largest economy.

Communist authorities have promised to give market forces the “decisive role” in the economy, but the European Union Chamber of Commerce said the pledges were not being fulfilled and unequal restrictions on investment remain.