September 29, 2017 11:46 AM

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EU ambassador urges China's upcoming Communist Party Congress to speed up country's market reforms

Europe hopes China's upcoming Communist Party Congress will help to speed up the country's market reforms, the European Union's ambassador to <br/>China said that calling Chinese criticism of an EU plan to screen foreign investment 'unreasonable'. <br/><br/>European Commission chief Jean-Claude Juncker earlier this month proposed an EU-wide investment screening mechanism amid growing concern in Europe about acquisitions by Chinese state-controlled or state-financed companies. <br/><br/>China's Foreign Ministry has expressed concern over the plan, saying the losses from such trade and investment protectionism would outweigh the gains.

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