American Companies Don't Feel Welcome in China
Ren Benavidez | | Sep 05, 2014 04:46 AM EDT |
(Photo : REUTERS/PICHI CHUANG)
Several American businesses are feeling less welcome in China amid two surveys revealing that Beijing may be targeting U.S. companies.
A survey released on Tuesday by the American Chamber of Commerce in China (ACCC) said about 60 percent of its members believe that their businesses are less welcome in China, an increase from the 40 percent result in 2013.
Like Us on Facebook
Almost 50 percent of the respondents showed concern that foreign businesses were being targeted by Beijing's anti-trust laws and pricing campaigns.
ACCC chairman Gregory Gilligan said during an interview that if the investment environment continuously worsens, it may start to affect the business relationship of China with the rest of the world.
Gilligan added that members of the ACCC are saying that they believe "multinational companies are under selective and subjective enforcement by Chinese government agencies."
Foreign companies in different industries have been targeted by China for alleged anti-trust violations.
Companies which including Microsoft, Apple, Volkswagen, Chrysler, Qualcomm, and BMW have been investigated regarding antimonopoly and were forced to pay fines.
Meanwhile, in a separate survey conducted by the U.S. - China Business Council (USCBC), it revealed that almost 30 percent of its member companies fear that Beijing will use its antimonopoly enforcement activity on them.
According to a USCBC report, Beijing has focused its enforcement measures in the technology and automobile industry.
In a statement released by John Frisbie, president of the business association in Washington, D.C., he said China's antimonopoly law, is creating more questions than answers for American businesses operating in the country.
Fisbee added that several members of the USCBC are beginning to question whether the AML is used to promote fair competition or to protect the Chinese industry.
However, Qin Gang, spokesman of China's foreign ministry, answered these concerns by saying that foreign businesses will always be welcome in the country, but he urges these companies to respect and observe "Chinese laws while in China."
Tagsanti-monopoly law, anti-trust laws, US companies in China, american companies, foreign companies, ACCC, AML, USCBC
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?