EU Chamber of Commerce Wants Clear China Reform Plan

The video discusses the need for reform in China, highlighting the lack of a clear timeline for implementation. It addresses market access barriers faced by foreign companies and the challenges European companies encounter due to red tape. The importance of collaboration with China to overcome these barriers is emphasized. Additionally, the video touches on Shanghai's goal to become a financial capital by 2020, noting the work still required to achieve this objective.

What was the main expectation from President Xi's speech in 2017?

• Reduction in foreign company taxes

• Introduction of new trade barriers

• Concrete actions towards market reforms

• Immediate removal of all trade barriers

What percentage of European companies report missing out on business opportunities due to red tape?

• 25%

• 46%

• 60%

• 75%

What is the estimated number of market access barriers in China according to the transcript?

• 50

• Over 100

• 25

• 75

Which sector is mentioned as having only 0.3% market share in China?

• Retail

• Construction

• Legal services

• Technology

What is the goal for Shanghai by 2020 according to the transcript?

• To host the Olympic Games

• To become the financial capital of the world

• To become the world's largest exporter

• To reduce pollution levels by 50%