U.S. companies still face significant market access and licensing...
U.S. companies still face significant market access and licensing obstacles in China, said a U.S.-China Business Council survey released Thursday. The vast majority of survey respondents, all USCBC member companies, said Chinese operations remain profitable, and a growing number of…
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companies place China in the top five global market priorities, said the survey summary (http://bit.ly/1g2QKpd). “Respondents most frequently claimed to have experienced protectionism in licensing and regulatory approvals, while also noting discriminatory enforcement and preferential policies favoring domestic Chinese companies in many forms,” said USCBC President John Frisbie (http://bit.ly/19pCC46). “Membership continues to see a significant difference in how foreign companies are treated, both formally and informally, versus their domestic Chinese counterparts.” Slower Chinese economic growth, coupled with a sluggish global recovery, has increased business competition there due to efforts to preserve local enterprises, said the survey. Three-quarters of respondents said they know or suspect Chinese companies receive benefits and subsidies that are not available to them. “The discriminatory treatment problem is not just an SOE problem,” said the council, referring to state-owned enterprises. “It is a problem of Chinese companies versus foreign and foreign-invested companies."