EU chamber urges China to open markets to reach goals

Beijing

CHINA should open its markets to foreign business and implement overdue reforms if it wants to achieve its economic goals, a European business lobby said on Friday, weighing in on Beijing's new five-year plan.

Chinese Premier Li Keqiang has said the country faces a tough battle to keep its economy growing at least 6.5 per cent a year over the next five years while creating more jobs and restructuring inefficient industries.