U.S. investors optimistic about Chinese economy...............
nikkeibp.asiabiztech.com
U.S. Investors Optimistic About Chinese Economy, Survey Says
July 20, 1998 (BEIJING) -- A recent survey conducted by the American
Chamber of Commerce in China indicated that despite Asia's recession,
most U.S. investors in China are optimistic about the Chinese economy.
Among the 162 business people responding to the survey, more than 60
percent said that problems in other parts of Asia will not hinder their
investments in China, and 33 percent plan to promote their businesses in the
country to counter the crisis.
The survey, following a similar one conducted last December, raised four
questions for chamber members on their business operations in China in the
coming year.
It showed that U.S. investors see no change for their business prospects in
China, with 61 percent expressing confidence.
Nearly 90 percent said they intend to expand their business in China within
three to five years, while 80 percent plan to hire more Chinese employees.
The problems encountered in China by the respondents include limits on their
business scope, lack of transparency in laws and regulations, difficulties in
employing local personnel, and high tariffs and taxes.
Related story: U.S. Investors Optimistic About China's Future, Survey Says
(Xinhua News Agency) |
