BEIJING and SHANGHAI, Sept. 24, 2012 /PRNewswire/ -- AmCham China has recently observed an encouraging trend, as China has taken steps to improve market access in several important service industries. They include travel reservations, courier services, financial services, and auto insurance.
In each of these sectors, the government has adopted measures that will promote greater market competition to the benefit of both Chinese consumers and companies.
"The new market-opening policies will boost efficiency and raise service standards in each of these industries, in keeping with China's goal to promote the development of its service sector," said AmCham China Chairman Ted Dean. "We commend the government on these moves towards greater market liberalization. Continued service market reforms in this direction will attract new investment, advance China's own development goals, and create new opportunities for American firms."
Please see below for a brief summary of the recent measures:
About the American Chamber of Commerce in the People's Republic of China:
AmCham China is a national non-profit organization representing the interests of nearly 1,200 companies and 3,000 individuals doing business throughout China. Headquartered in Beijing, it has chapters in Tianjin, Northeast China (Dalian) and Central China (Wuhan). For more information, visit: http://www.amchamchina.org/