Survey: Foreign companies in China feel 'targeted'
Updated: 2014-09-02 11:31
(Agencies)
|
|||||||||||
BEIJING - An American business group warned Tuesday that foreign companies in China feel increasingly targeted for enforcement of anti-monopoly and other laws and said investment might decline if conditions fail to improve.
The American Chamber of Commerce's report adds to mounting complaints about a flurry of investigations of global automakers, technology suppliers and other companies in recent months.
Foreign companies believe they face "selective and subjective enforcement" of anti-monopoly, food safety and other rules, said the American Chamber of Commerce in China.Almost half of companies responding to a survey "believe that foreign companies are being targeted," the group said. It said the risk was increasing that China "will permanently lose its luster as a desirable investment destination."
"Improvements in these areas are imperative if foreign companies are to continue to invest in China's future," the group said in a statement.
Uncertainty over regulatory investigations adds to challenges for foreign companies at a time when China's growth is slowing and they face more competition from ambitious local rivals.
Economic growth edged up to 7.5 percent over a year earlier in the three months ended in June from 7.4 percent the previous quarter. But that was barely half of 2007's peak of 14.2 percent.
Beijing announced last week it will fine 12 Japanese auto parts suppliers a total of $202 million on charges of price-fixing. Officials have said Mercedes Benz, Audi and Chrysler also will face punishment. Microsoft and chip maker Qualcomm also are under scrutiny.
Business groups welcomed the enactment of China's anti-monopoly law in 2008 as a step toward clarifying operating conditions.
Another business group, the European Union Chamber of Commerce in China, said last month that competition law should not be used to achieve other goals such as forcing price reductions.
Microsoft not transparent with sales information: regulator | Top 9 anti-trust cases in China |
Related Stories
Microsoft CEO to visit China amid antitrust probe - source 2014-08-28 10:33
Anti-monopoly actions unlikely to affect Swiss companies 2014-08-23 07:57
Fair market is anti-trust goal 2014-08-22 08:38
New rules mulled for the auto industry 2014-08-21 07:05
Japanese auto suppliers 'face record fines' 2014-08-20 07:10
China rejects xenophobia remarks over anti-monopoly probes 2014-08-18 16:34
Today's Top News
FBI says it's addressing nude celebrity photos
Scottish zoo: 'Bad news' for pregnant giant panda
Britain unveils anti-terror measures
Monopoly probes treat firms equally
China, Russia to lay joint gas pipeline
Rules set for HK chief vote
Militia guards US embassy in Libya
450 Pakistans injured in clash with police
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Rebuilding lives |
Horrific nightmare at Kunshan factory |
Shaolin: Fists of fame |
Reading into an online age |
China helps fight international war on drugs |
Crackdown on terrorist attacks |