BEIJING—A top European business lobby said on Sept. 24 that China must fulfill promises to give greater sway to market forces and rein in its bloated state sector, warning that not doing so will lead to economic stagnation and stoke continuing tensions with trade partners.
China’s economic growth slowed to a near 30-year low of 6.2 percent in the second quarter, partly on pressures brought about by a trade war with the United States.
