China's Business Climate Worsens for U.S. Firms Despite Profits

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China's business climate is making it more difficult for United States firms to do business in the country, according to a survey released on Tuesday. The 2011 China Business Climate Survey by the American Chamber of Commerce indicates that more U.S. firms are grappling with red-tape when dealing with Chinese authorities.

Nearly a third of the companies surveyed say bureaucracy is the biggest challenge. Less than a quarter of the firms last year thought this was a problem.

The Chamber says 71% of companies think the Chinese licensing process discriminates against foreign firms. More than 40% think a new business license is the most difficult to get. This is frustrating those who are hoping to expand their operations into China.

Since the Chinese regime entered the World Trade Organization in 2001, it has pledged to open up its economy. But in Beijing on Tuesday, Chamber Chairman Ted Dean says a fair and transparent regulatory environment is yet to be achieved.

Intellectual property protection remains a major concern. Of the firms surveyed, 70% say the Chinese regime's enforcement of IP rights is either ineffective or totally ineffective.

Even as U.S. firms continue to make profits in China, nearly a quarter think the Chinese regime's economic reform has failed to improve the business climate for them. This is a significant increase from last year when only 9% thought they didn't benefit from the reforms.

The Chamber survey was based on roughly 430 responses out of a total of about 1,100 companies.

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[redwhitedude]

The CCP is deluding itself if it thinks that its monopoly on power is compatible with an advanced economy. That is not a sustainable model.

[redwhitedude]

The problem with china is the lack of public participation and because of that CCP officials feel they can do whatever they want, illegal land grabs, set up factories that pollute, line their pockets with seedy ties to companies, engage in accounting fraud, and rush high speed trains with little regard to public safety. With public participation they'd be booted out of office instead of lynch mobs going after them.

[mispistoleros]

@Darre08, Under the CCP Bling Dynasty, some 83 million Tibetans, Uighurs, Mongols and Chinese have been killed.

Right after Mao concluded the civil war, he said that the only foreign debt the revolution incurred was to Tibet, its people having saved them during the long march. Mao repaid Tibet by invading, razing it to the ground and stealing its valuable cultural heritage.

China invaded East Turkestan

China invaded Mongolia

China occupied Manchuria.

What were you saying? Respect?

[starcorpvncj]

@mispistoleros Amen to all you say. You have it right.

[Mr2505federal]

Funny thing only the US companies are rushing to China everyone in Europe knows if they give their jobs to China their economy will go broke! Of course has for the stupid fucking American Companies that rush around looking for the flavor of the month it should be pretty funny when China nationalizes all their product lines and kicks those stupid fucking American CEOS out on their ass's!

[warakawa3]

lol Chinese regime... Chinese regime....Chinese regime....

It's Chinese government!!!

Biased journalism at best

[strongestass]

As I listen on I realized this is loads of bullshit, and I look again, and sure enough it's from NTDTV, lol Falun-gong propaganda at its best

[Darre08]

@Darre08

ps china has never attacked foreign countries !! only has defend it self!

[Darre08]

China the 5000 year old empire. what kind of idiots think they have the right to talk about about them?? in the 1800 centiry England tried to colonize china and forced CHINA to BUY OPIUM (DRUGS) and 40-70 million chinese suffered because of opium war! 40 millions were addticed because of the drugs!! and then during ww2 japanese killed more then 20 million chinese civilians and (3-4 million) military. so we can say atleast 100 million suffered HARD in 150-200 years in China! Show respect.

[qiranwang]

china is gonna come up with a brand called peach