US firms set to invest more
By Wang Yanlin |
March 27, 2012, Tuesday
|
Print Edition
Print Edition
MOST US companies in China will invest more in the world's second-largest economy this year but the pace of the increase will slow, according to a survey by the American Chamber of Commerce in China.
But US firms said they face hurdles, the AmCham China said yesterday after it tallied responses from 390 members. But 78 percent of them still listed China as one of the world's top three investment spots,
The survey found that 82 percent of respondents said they plan to expand investment in their China operations this year, about the same as last year's level. A big difference this year is that fewer firms will investment over 21 percent amid slower economic growth and rising costs in China.
"The survey results showed AmCham China member companies are a little less optimistic than they were a year ago," the survey said. "China remains an important profit center for multinational companies, relative to other regions of the world."
But the survey found that foreign firms continue to face irregular licensing practices, poorly-enforced intellectual property rights and a limited talent pool.
Ted Dean, chairman of AmCham China, said some members have complained that regulations failed to keep pace in some key areas.
But US firms said they face hurdles, the AmCham China said yesterday after it tallied responses from 390 members. But 78 percent of them still listed China as one of the world's top three investment spots,
The survey found that 82 percent of respondents said they plan to expand investment in their China operations this year, about the same as last year's level. A big difference this year is that fewer firms will investment over 21 percent amid slower economic growth and rising costs in China.
"The survey results showed AmCham China member companies are a little less optimistic than they were a year ago," the survey said. "China remains an important profit center for multinational companies, relative to other regions of the world."
But the survey found that foreign firms continue to face irregular licensing practices, poorly-enforced intellectual property rights and a limited talent pool.
Ted Dean, chairman of AmCham China, said some members have complained that regulations failed to keep pace in some key areas.
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