Home>News Center>China
       
 

AmCham: US firms thriving in China
By Dai Yan (China Daily)
Updated: 2006-02-17 07:29

American companies in China are prospering as they gain more access to domestic markets despite the ongoing trade frictions between the two countries, according to an American Chamber of Commerce (AmCham) survey released yesterday.

China's increasing market growth and improved regulatory environment have contributed to more AmCham-member companies producing for the domestic market and trying to become wholly foreign-owned enterprises (WFOEs), said the report, which is based on seven years of annual AmCham polls in China.

About 38 per cent of respondents in 2000 cited market access restrictions as a top-three barrier to profitability, while 66 per cent reported negative effects from business scope restrictions.

However, from 2002 to 2005, two-thirds of the respondents were successful in expanding products and services offered in China.

"Market access, while it still is a challenge, has become much easier," Teresa Woodland, co-chair of AmCham's public policy development committee, said at a news briefing to release the report.

She said the issue had dropped off the list of the companies' top-10 challenges of doing business in China.

Members were also increasingly more likely to have WFOEs, with 60 per cent reporting to have one in 2005, versus 33 per cent in 1999. Conversely, the percentage of AmCham members with joint ventures dropped to 27 per cent in 2005, versus 78 per cent six years prior.

"That really exemplifies how things have changed here. Companies really do have a lot more options," Woodland said.

According to the survey, companies in recent years have also been able to introduce more products and services to the Chinese market.

About 83 per cent of respondents in 2005, versus 60 per cent in 1999, listed producing goods and services in China for the local market among their top three reasons for entering China.

For the last three years, three-quarters of companies surveyed were making a profit, more than in previous years, according to the survey.

However, competition-based issues have been the top challenge faced by AmCham members in China. This trend is putting pressure on profit margins.

In 2005, 70 per cent of respondents reported increased competition from both foreign and local companies.

On Tuesday, the US Trade Representative Office (USTR) released its first top-to-bottom review of Sino-US trade in five years.

The review has positive comments on trade growth between the two countries in the past five years, but Washington also blamed China for its large trade deficit.

AmCham-China President Charles Martin said the chamber mostly agrees with the report's conclusions, noting US-China commercial relations are quite robust.

As illustrated in the chamber's report, China is opening its markets while US firms as well as the US and China economies are benefiting, he said.

The US figures released last week showed the US trade deficit with China had risen 24.5 per cent last year to US$201.6 billion. China reported that its surplus with the United States last year was US$114.2 billion because of different statistical standards.

The USTR report said it would take a tougher stance and set up a taskforce to ensure China abides by trade laws.

In terms of boosting US business in China, however, the US "must move to a much higher level of trade promotion on behalf of small- and medium-sized companies,?Martin said.

Federal and state governments and industry and trade associations need to open offices in China to promote their products, he said.

"There is a large communication gap at present. China's marketplace is hungry, but our SMEs need help to feed it,"he said. "US efforts are modest compared to those of the EU and inadequate given the opportunities available."

Martin suggested using the WTO's dispute resolution process only as a last resort.

"That process is lengthy and difficult and should be used only when other efforts have failed,"he said.

He noted that bilateral negotiations, such as those used to solve last year's textile dispute, were fast and mutually beneficial.

Even so, Martin said important problems remain in areas such as IPR enforcement and transparency. "Much more needs to be done in these areas,"he said. "They require commitments of substantial Chinese resources."



Three Chinese engineers killed in Pakistan
15 killed in carbon monoxide poisoning
China to pursue energy-efficient constructions
  Today's Top News     Top China News
 

No plan to evacuate Chinese from Pakistan

 

   
 

Bernanke says China's might no threat

 

   
 

France accuses Iran of making nuclear arms

 

   
 

AmCham: US firms thriving in China

 

   
 

Energy standards set for buildings

 

   
 

Fifteen die from carbon monoxide poisoning

 

   
  AmCham: US firms thriving in China
   
  Energy standards set for buildings
   
  Gov't to audit Three Gorges dam project
   
  Social enterprises to play bigger role
   
  Lenovo turns to Olympics to boost profile
   
  Overseas firms boost number of trade unions
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Bernanke says China's might no threat
   
US to monitor China trade compliance
   
US launches new task force on China trade
   
US told not to politicize trade issue
   
China: Proposed bill on trade harms ties
   
US companies play coy over China profits
   
China's defense budget modest: US scholar
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 亚洲AV无码一区二区一二区| 国产-第1页-浮力影院| jianema.cn| 日本19禁啪啪无遮挡免费动图| 小说区综合区首页| 国产在线一区二区三区av| 中文字幕av无码专区第一页| 最近2019免费中文字幕视频三| 亚洲精品成人网久久久久久| 竹菊影视国产精品| 四虎影视永久在线观看| 香艳69xxxxx有声小说| 国产欧美在线观看一区| 香蕉久久综合精品首页| 国语自产精品视频在线区| ww在线观视频免费观看w| 成年女人黄小视频| 久久国产精品99精品国产| 最好的最新中文字幕8| 亚洲人成精品久久久久| 欧美激情在线播放一区二区三区| 光棍影院y11111| 精品午夜福利在线观看| 哪个网站可以看毛片| 色播在线永久免费视频网站| 国产八十老太另类| 麻豆回家视频区一区二| 国产明星xxxx视频| 五月天婷婷综合网| 嫩草视频在线免费观看| 中文字幕羽月希黑人侵犯| 日本全黄三级在线观看| 久久婷婷五月综合色精品| 日韩精品内射视频免费观看| 亚洲av午夜成人片| 极品尤物一区二区三区| 亚洲伊人久久大香线蕉影院| 欧美日韩一区二区综合在线视频 | 免费观看无遮挡www的视频| 欧美亚洲另类视频| 国产精品制服丝袜|