AmCham warns of unfair policies
By Wang Yanlin |
April 27, 2011, Wednesday
|
Print Edition
Print Edition
UNITED States companies operating in China have expressed concerns about industrial policies that they fear may impede fair competition although they are generally happy about market conditions, a survey by the American Chamber of Commerce in China showed yesterday.
"Current market conditions are excellent and AmCham-China members report strong revenue growth and good profit margins," the 2011 White Paper on the State of American Business in China by AmCham-China said.
The report said foreign companies remain partly or completely barred from participating in major industries such as banking, securities, telecommunications, legal services, and insurance.
Ted Dean, chairman of AmCham-China, said Chinese authorities need to expand market access and improve regulatory transparency and consistency nationwide.
"As China seeks to transform its growth model and develop a knowledge-based economy, US business can serve as a valuable resource by sharing expertise in technology and management," Dean said.
Chinese commerce ministry officials were not immediately available for comment. But the country's senior leadership, including Premier Wen Jiabao, has said on various occasions a leveling playground would be created for foreign investors.
"Current market conditions are excellent and AmCham-China members report strong revenue growth and good profit margins," the 2011 White Paper on the State of American Business in China by AmCham-China said.
The report said foreign companies remain partly or completely barred from participating in major industries such as banking, securities, telecommunications, legal services, and insurance.
Ted Dean, chairman of AmCham-China, said Chinese authorities need to expand market access and improve regulatory transparency and consistency nationwide.
"As China seeks to transform its growth model and develop a knowledge-based economy, US business can serve as a valuable resource by sharing expertise in technology and management," Dean said.
Chinese commerce ministry officials were not immediately available for comment. But the country's senior leadership, including Premier Wen Jiabao, has said on various occasions a leveling playground would be created for foreign investors.
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