Being the owner or manager of a company, regardless of the place in the world where you operate it, is always a challenging endeavor. Let’s face it, the process of doing business, setting up the corporate structure, selling, chasing clients, doing marketing, manufacturing, it’s always hard, even if the system is supportive of your operation. Even when everything is on your side.
Having a foreign invested company in China doubles that hardship, and in this case, many wonder if the “system” I mentioned above is indeed for you, indifferent of you, or against you.
The system that I mention is not only the enforceability of laws but also the transparency of the regulations, the costs, interaction, and relationship with the local authorities, and most of all, the perception that your clients and your business partners have of you.
Because of the state of the world and the level of tension and fragile diplomatic relations that the international community as a whole or individually as countries have with China, many of the foreign companies present in this market wonder in which direction is the pendulum going and simply put, they ask if things are getting better or worse, where business environment is concerned.
An on-the-ground understanding about the country’s business environment is thus revisited every year and foreign chambers of commerce in China often write and perform surveys on these matters, all intended to reassure the international business community of how things actually stand. This could indicate real versus perceived grievances, show how foreign companies engage with authorities, and what are the challenges and opportunities versus expectations and promises. This has been showcased in the recent American Chamber of Commerce (AMCHAM) report on the business environment in China – that everything is alright, and the future is promising.
AMCHAM published its White Paper on Business Environment in China on February 25, 2021 taking a focused look on the business environment in China and how companies were able to survive unforeseen catastrophes last year and emerge stronger and optimistic. The publication offers a lot of insights on local practices, provincial growth and business experience, demographic trends, revenue and profitability, as well as what to expect from political maneuvers, trade deals, and general events impacting the business environment in China.
AMCHAM’s survey in South China met with mostly positive answers as most companies rated the business environment as ‘very good’ or ‘good’. Answers were more positive than the previous year, accounting for nearly 80 percent; those seeing a decline in the business environment accounted for only about 14 percent – a decrease of six percent year-on-year.
As we are discussing surveys concerning American companies and knowing that at times your nationality might make a difference on how you are treated and perceived in this country, most of the times,…
Go to the news source: Foreign Companies Hold Mixed Views on the Business Environment in South China, Y…