Time and again, hopeful signals of further opening from the top seem to fizzle out when they reach the administrative level. Illustration: Craig Stephens

China’s pledge to open its market for trade and investment must be honoured on the ground

Michael Clauss says recent moves by Beijing to ease some regulations for foreign investments are welcome, yet follow-through on the ground is lacking. Worse, the rules appear to have tightened in some other areas

Topic |   China economy

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Time and again, hopeful signals of further opening from the top seem to fizzle out when they reach the administrative level. Illustration: Craig Stephens
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