International World Tough to do business in , foreign companies cry foul

Tough to do business in China, foreign companies cry foul




- Advertisement -

, the champion of , is facing a backlash with European firms claiming it is increasingly tough to conduct business in the country amid favours given to domestic firms.

A survey by the in China revealed that 80 percent of those polled said market access barriers were the worst form of imbalance in business relations.

Many complained that environmental regulations were more strongly enforced against foreign firms.

Respondents accused the government in Beijing of limiting their access to the market in favour of domestic companies.

- Advertisement -

However, on the foreign front, the Chinese President – calling for the world to reject and promote – indicated that China will take up the mantle of the leader of globalization amid an outcry over US President Donald favouring .

It appears THAT China wants everything

its own way.

According to the survey, half of the 570 respondents that took part said they felt less welcomed in China than when they first came to the Asian nation.

Once considered Beijing’s most welcomed guests, foreign companies have now simply fallen out of favour some said.

This situation is made more stringent for the foreign or ’s as the United States promotes protectionism under the administration.

- Advertisement -

“But often, the government’s rhetoric didn’t match the realities on the ground,” the survey concluded said an AFP report.

Only 4 percent of those polled saw a significant opening of the Chinese market for foreign companies.

Shen Danyang, a spokesperson for China’s Ministry of Commerce accused some foreign corporates last September of only wanting to make “quick money”, had become too dependent on preferential government policies in China, and were starting to feel the pain of what he called a “deteriorating environment for business” in the country.Follow us on Social Media

Send in your scoops to 

- Advertisement -

Mixed bag: PA’s defensive statement denying racism allegations draws both criticism & support

Singapore—The People’s Association (PA) issued a rather belated statement concerning a wedding photo that had been used for a Hari Raya celebration without the couple’s permission, after the woman in the photo aired her views on social media. And while the PA...

Netizens wonder why Covid cases increase whenever SG-HK travel bubble is mooted

Singapore—If there’s such a thing as an unlucky travel bubble, then maybe the one planned between Singapore and Hong Kong is it. The Ministry of Transport (MOT) announced last Thursday (June 10) that Singapore and Hong Kong would resume discussions on the...

Kumaran Pillai shares racist incident where Indian woman was called ‘black monster’, ‘black girl’

Singapore -- The Progress Singapore Party’s (PSP) Kumaran Pillai shared an incident where an Indian girl wrote that she was called “black monster” in primary school. He added that there are two kinds of racists - an outright one, and one...
Follow us on Social Media

Send in your scoops to