China is expected to remove trade barriers
Jean-Claude Juncker, European Commission President told on Wednesday that China needs to remove barriers and also provide better legal certainty for business, while all parties should observer international trade system as well as their rules.
There hasn’t been enough progress in this Asian country as for reform of state firms as well as improved market access for foreign businesses.
Juncker drew attention to the fact that excessive industrial capacity needs to be prevented from adversely impacting relations between the European Union and China, while the issue needs to be addressed at the root, accordingly markets can play a greater role.
China's reforms should feature the rule of law as well as independent courts, while Chinese lawyers should be free to support businesses, Cecilia Malmström, European Trade Commissioner told.
Overcapacity in the steel industry undoubtedly pits European and Chinese employees against each other.