Author: NgTran

ASEAN economy surpasses China   [Copy link] 中文

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Post time 2014-5-29 20:03:39 |Display all floors
This post was edited by NgTran at 2014-5-29 20:04

European Firms Are Cooling on China, Survey Shows
European companies doing business in China are finding the market less attractive due to rising labor costs, a slowing economy and lack of adherence to the rule of law, the European Union Chamber of Commerce in China said Thursday.

Other factors hurting the business climate, according to the latest survey of 552 Europe-based companies operating in China, include difficulties attracting and retaining staff, market access barriers and "discretionary enforcement of regulations."

"The economic slowdown is a real game-changer for European companies in China," said Jörg Wuttke, president of the European Chamber at a news conference. "For multinationals, China is still important but not as important as it was a few years ago."

Despite Beijing's promise to enact far-reaching economic reforms, only 53% of the companies polled said they expected to see changes implemented in a meaningful way. "A new sober reality is developing," the report said. "An abiding sense of pessimism for future performance is setting in."

Some European companies appear to be voting with their feet, or at least thinking of doing so. While the world's second-largest economy remains a hugely important market, many said they were scaling back investment plans. Only one in five ranked China as their top destination for new investments, down from a third in last year's survey.

The proportion planning to expand their activities in China over the near term dropped to 57% from 86% a year ago. Companies that have operated in China longer were generally more pessimistic than newcomers.

China's Ministry of Commerce didn't respond to a request for comment.

Few of the problems faced by European companies in China are new, the chamber acknowledged. But the impediments are getting more pronounced and entrenched, it added. "Business in China is already tough, and it is getting tougher," the report said. "European companies are left wondering if the good times in China have already ended."

Better rule of law would be the best way to improve China's future economic performance, surveyed companies said. Laws themselves are generally adequate, many said, but the big shortfall is with enforcement. "European companies are 'looking over the fence' to see what opportunities exist in China's neighbors," the report said.

The results of the poll mirror an American Chamber of Commerce survey published earlier this year, although the decline in confidence was less dramatic among U.S. businesses.

Of American firms polled, 73% said they planned to increase their investment in China over the next year, although that was a big drop from the 84% seen in the previous survey.

U.S. firms as a group are doing slightly better in China. Seventy percent told AmCham they were profitable, compared with 63% of firms in the European survey.

Still, the picture varies between industries. European auto makers were optimistic about their prospects in China, the world's largest car market, where German brands are considered a mark of quality.

But European law firms, which are subject to heavy operating restrictions, were among the most downbeat. Ninety percent said they face discrimination compared with Chinese competitors.

The European Chamber of Commerce has often been more forthright in its criticism of Chinese policy than its American counterpart. Unlike the U.S., Europe doesn't a have a large constituency of politicians critical of China, said Mr. Wuttke, the chamber president. That means business has to fight to get its concerns heard.

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Post time 2014-5-29 20:14:30 |Display all floors
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Post time 2014-5-29 20:37:36 |Display all floors
LaughsatChinos Post time: 2014-5-29 11:53
WOW you are dumb

1, Getting banned from a filthy CCP site means I'm just doing well.

good to laugh
healthy to laugh.
I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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Post time 2014-5-29 22:54:00 |Display all floors
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Post time 2014-5-29 23:41:04 |Display all floors
This post was edited by sfphoto at 2014-5-31 18:11
magnetic1974 Post time: 2014-5-29 20:14
5-6 time good luck with that ediot! we can always replace you lazy ass  with Mexican, because th ...

LaughsatYou is a Hispanic immigrant in the U.S.A. who hates his own Hispanic ethnicity and looks down on his own Hispanic people because they belong to the Third World -- the Spanish-speaking Hispanic World of Latin America. Instead of identifying with countries like Cuba (which happens to be Communist) or empathizing with his own people -- Hispanic immigrants --  in the U.S.A., he goes around pretending to be Anglo so he can feel better about himself. He can't stand the fact that his ancestral country -- Spain -- is no longer a world power, not even treated as "Western" by the Anglos, treated with disdain by Europeans, ignored by rest of the world except the Spanish-speaking Hispanic World.

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Post time 2014-5-30 09:58:50 |Display all floors
And I always thought he only hated Chinese.
I'm just here for the money

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Post time 2014-5-30 17:44:13 |Display all floors
This post was edited by sfphoto at 2014-5-30 18:22
jay_dee Post time: 2014-5-30 09:58
And I always thought he only hated Chinese.

So how come he doesn't go to Cuba to overthrow Castro's communist government there? Or how about Maduro's socialist government in Venezuela? Or even Mexico which is the largest Spanish-speaking country in the world?

The answer is simple: LaughsatYou does not want ito dentity with HIS world -- the Spanish-speaking Hispanic World -- which his Spanish ancestors created in what is now Latin America. He hates his own Spanish-speaking Hispanic ethnic group in the U.S.A. and goes around pretending to be Anglo. Spanish persons are well-known for their haughtly disdain for business pursuits in trade and industry. They look down on Spanish-speaking Hispanics in Latin America. Those Hispanics in turn look down on their own kind: criollos look down on mestizos; mestizos look down on indiios. That's why Mexicans in the U.S.A. don't want to be called "Hispanics" because they refuse to identify with their former colonial master -- Spain -- and instead prefer the term "Latino" to denote their national origin from Latin America.

Catholic Spain exported its feudal society and medieval culture to Latin America, creating an ethnocentric caste system based on the amount of Spanish ancestry of an ethnic group. The Protestant Anglos didn't want any part of THAT culture. That's why the U.S.A. did not annex the whole of Mexico after the Mexican-American War because the Anglos didn't want Hispanic culture -- medieval, feudal, backward -- as part of the U.S.A.

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