European firms get 'crumbs' from China's Belt and Road: business group
By Editor - Thu Jan 16, 2:49 am
China’s Belt and Road investment scheme, which aims to connect Europe with Asia, is sidelining European companies and Brussels should review its competition law to level the playing field, a business lobby group said on Thursday. Opaque procurement processes and the dominance of giant state-owned Chinese companies mean European companies get only “crumbs from the table,” the European Chamber of Commerce in China said in a report. It said the European Union should move to force Chinese companies that access the EU procurement market to operate under the same restrictions that EU companies do in China.
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