Meeting with European Businesses in China held in Beijing
On March 31, the Meeting with European Businesses in China, hosted by the CCPIT and the European Union Chamber of Commerce in China ( EUCCC) was held in Beijing. Delegates from China’s National Development and Reform Commission ( NDRC), the Ministry of Commerce ( MOC), the Ministry of Industry and Information Technology (MIIT), the State Administration of Taxation (SAT), the State Administration of Foreign Exchange (SAFE), the State Administration for Industry & Commerce (SAIC), as well as those from EUCCC and 10 European enterprises in China, such as
Some Chinese companies spend recklessly - purchasing football clubs or luxury hotels. This will serve to only drive up acquisition costs for other firms.
As Chinese firms go out to build industrial parks and related facilities amid their localization drive, they will also help boost the urbanization of countries along the routes.