Tuesday, June 29, 2004
Market Status Denied
Guess who said about whom:
"that companies suffer from too much state interference, have weak corporate governance measures, do not ensure equal treatment of all companies in bankruptcy procedures and that its banking sector is not governed by market rules"
The US about Europe?
Wrong
EU denies China market economy status
No joke, this is real.
28.06.2004 - 17:34 CET | By Richard Carter EUOBSERVER / BRUSSELS
The European Commission today (28 June) announced that it would not grant 'market economy status' to China, citing deficiencies in four main areas.
The news is likely to come as a severe blow to the Chinese government whose premier Wen Jiabao made the issue a central plank of his visit to Brussels last month.
Brussels said that Chinese companies suffer from too much state interference, have weak corporate governance measures, do not ensure equal treatment of all companies in bankruptcy procedures and that its banking sector is not governed by market rules.
Story provided by Mahalanobis
For the full story see:
EUobserver.com
Guess who said about whom:
"that companies suffer from too much state interference, have weak corporate governance measures, do not ensure equal treatment of all companies in bankruptcy procedures and that its banking sector is not governed by market rules"
The US about Europe?
Wrong
EU denies China market economy status
No joke, this is real.
28.06.2004 - 17:34 CET | By Richard Carter EUOBSERVER / BRUSSELS
The European Commission today (28 June) announced that it would not grant 'market economy status' to China, citing deficiencies in four main areas.
The news is likely to come as a severe blow to the Chinese government whose premier Wen Jiabao made the issue a central plank of his visit to Brussels last month.
Brussels said that Chinese companies suffer from too much state interference, have weak corporate governance measures, do not ensure equal treatment of all companies in bankruptcy procedures and that its banking sector is not governed by market rules.
Story provided by Mahalanobis
For the full story see:
EUobserver.com
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