U.S. Firms Feel Shut Out in China

From the Wall Street Journal:

A growing number of U.S. companies feel unwelcome in China, according to a new survey by the American Chamber of Commerce in China, as measures aimed at squeezing foreign technology companies out of the vast government-procurement market start to bite.

The survey of Amcham’s members adds to evidence of a darkening mood among multinational companies in one of their most important global markets.

Negative sentiment among Amcham’s members, which traditionally have been a strong lobby in Washington arguing for more engagement with China, adds to wider risks in U.S.-China relations. On Sunday, China’s commerce minister, Chen Deming, warned that China “will not sit back” if the U.S. Treasury Department labels China a currency manipulator and trade sanctions follow.

March 21, 2010 9:54 PM
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Categories: Economy