BEIJING — Government moves to exclude foreign businesses from parts of China’s booming market have led to a jump in dissatisfaction among multinational companies and growing complaints of protectionism, according to a survey released on Monday. The proportion of US businesses that feel foreign companies are increasingly unwelcome to participate and compete in the Chinese market rose to 38 per cent in February, up from 26 per cent just two months earlier, according to the American Chamber of Commerce in China. That was the highest level of concern since Amcham began polling its members four years ago. The rising discontent among US businesses comes amid worsening bilateral relations and as Washington applies pressure on Beijing to allow its currency to appreciate. But the mood is not restricted to American companies, with businesses from all over the world and across a wide range of sectors increasingly disenchanted about operating in China, according to Joerg Wuttke, president of the European Chamber of Commerce in China. ‘The mood has obviously soured in several areas, Mr Wuttke told the Financial Times on Monday. ‘Businesses feel the market is growing but the access is getting narrower. He said this […]
Monday, March 22nd, 2010
US Companies Find China Less Welcoming
Author: JAMIL ANDRERLINIMarch 22 2010 03:22
Source: Financial Times (U.K.)
Publication Date: March 22 2010 03:22
Link: US Companies Find China Less Welcoming
Source: Financial Times (U.K.)
Publication Date: March 22 2010 03:22
Link: US Companies Find China Less Welcoming
Stephan: