China’s economic ‘crisis of confidence’ has shattered faith of foreign investors, warns European business head in call to action

Facing a “perfect storm” that has battered foreign investors’ confidence in the world’s second-largest economy, Beijing can still weather the downturn if it takes decisive action, according to the new head of the European business association in China.

To restore that lost confidence, the Chinese government must foster much greater certainty in its business environment, said Jens Eskelund, who was elected on May 24 as president of the European Union Chamber of Commerce.