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“BEIJING—A growing number of foreign businesses in China feel shut out under new government policies promoting homegrown technology, according a survey released Monday.
Fully 38 percent of foreign firms questioned by the American Chamber of Commerce say they feel increasingly unwelcome to participate and compete in the Chinese market.
That marks a 12 percentage point rise from the last survey taken just a few months before. Over that period, the government has increasingly steered business toward state-owned companies, ostensibly as part of efforts to boost innovation among Chinese firms.
The chamber said it strongly supports promoting indigenous innovation, but believes current policies give an unfair advantage to domestic companies that enjoy strong government backing and political connections.”
Comment:
Everything was fine before the ’08 meltdown. As the ship sinks its a struggle for survival, of the fittest. Every man for himself. China et al all were very happy while the USA was the import job loss sucker that was done to help China et al grow starting in ’79. Japan and Europe were the benefactor after 1945. The USA was gang banged by many countries. Its all reversing very slow.