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BUSINESS & TECH

AmCham China Lauds Beijing’s Opening, But Urges More

William Zarit, chairman of the American Chamber of Commerce in China, speaks at a press conference in Beijing on Wednesday. Photo: AmCham
William Zarit, chairman of the American Chamber of Commerce in China, speaks at a press conference in Beijing on Wednesday. Photo: AmCham

*The American Chamber of Commerce in China praised the easing of foreign ownership restrictions in the credit rating and securities sectors

*The group’s chairman said the biggest challenge facing member firms is the ‘lack of transparent regulations and inconsistent enforcement’

The American Chamber of Commerce in China (AmCham China) said that while it appreciates China’s opening to foreign investors in certain sectors, it urges more communication between U.S. and Chinese authorities in high-tech and agriculture.

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