Editor in Chief: Moh. Reza Huwaida Monday, December 10th, 2018

Chinese Business Circles Oppose B20 Summit Report of Policy Proposals

Chinese Business Circles Oppose B20 Summit  Report of Policy Proposals

BUENOS AIRES - The Chinese business circles opposed the report of policy proposals from the two-day B20 summit 2018 held here, saying the summit result failed to truly base itself on the topic discussions or consensus.
On behalf of the Chinese business circles, the China Council for the Promotion of International Trade (CCPIT) and the B20 China Business Council respectively issued a statement on Friday in strong opposition to the policy proposals report as a result of the B20 summit held on Oct. 4-5 in the Argentine capital.
The Chinese business organizations both noted in the statements that Chinese enterprises had taken an active part in the B20 summit this year, put forward multiple conducive proposals during discussions of the working parties on all topics, including fighting unilateralism and protectionism, adopting the principle of neutrality in dealing with enterprises of different ownerships, and advancing the reforms in the World Trade Organization (WTO).
The proposals by Chinese enterprises outlined their stances and the concerns, they said. And in the meantime, the Chinese representatives had conducted multiple consultations with the summit host, and submitted proposed amendments to the text of the summit result report.
The statements said that however, the B20 summit report of policy proposals ignored the proper concerns and demands of the Chinese business circles by one-sidedly singling out certain topics, including state-owned enterprises distorting market competition. The statements said the summit result report failed to properly represent the discussions, fell short of the purpose of the B20 summit report of policy proposals, and ran far against the B20 summit’s consensus principle. (Xinhua)