Doing business in China increasingly challenging, says AmCham
April 24, 2017 Category Foreign investment, Weekly
U.S. companies in China face one of the most challenging environments in decades this year, the American Chamber of Commerce in China (AmCham) says. Political and economic transitions in the United States and China, an increasing perception of animosity toward foreign businesses, and slowing growth are dimming the outlook. Investment barriers remain high, the Chamber said in its annual American Business in China White Paper. “The pace of economic reforms and market opening has been slow and faltering,” AmCham said. While administration, regulatory transparency and intellectual property protection have improved, policies designed to support domestic industries and national champions have narrowed the space for participation by foreign companies, it said. About 81% of its members reported feeling less welcome in 2016 than previously, up from 77% in 2015. “We are experiencing a clear increase in uncertainty as the U.S.-China relationship enters a new era,” AmCham Chairman William Zarit wrote in his introduction to the report. “The Trump administration is still finding its feet, and China itself will be undergoing a political transition this year. Multinational companies spanning this relationship, both American and Chinese, are paying close attention to developments as they make their plans.” More transparency would aid the government’s anti-corruption fight and give private companies more confidence that their investments would be fairly protected under the law, Zarit concluded.
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