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To that end, the Chinese government wants private and foreign companies to know that their concerns will not go unheeded. The State Council also encourages businesses to report and suggest violations on online platforms.
“Inspectors will travel to relevant areas to look for clues, investigate typical cases and cases reported by businesses and a wide range of members of the public, and take action and impose penalties if complaints are confirmed.” says the notification.
Guizhou faces debt settlement after years of unchecked infrastructure spending
Guizhou faces debt settlement after years of unchecked infrastructure spending
Five key areas are highlighted: market access barriers, unfair competition, government services and efficiency issues, rights violations, and obstacles to the national goal of opening up to investors.
However, the complaints remain, and despite this rhetoric, the positive effects have yet to be seen for many. Struggles caused by industrial overcapacity and unpaid payments continue to have a significant impact on incomes and livelihoods.
Investigation begins after arrest of businessman seeking delinquency from government
Investigation begins after arrest of businessman seeking delinquency from government
Alex Ma, an assistant professor of public administration at Peking University, said some of the Chinese government’s pro-business efforts are overshadowed by other ambitions.
“The foreign sector and the private sector are definitely a priority for the Chinese government,” he said. However, “Beijing also has other competing priorities, such as technological self-sufficiency, national security, and politics. As circumstances change, some priorities may take precedence over others.” and companies will find it difficult to adjust.”
In 2023, fixed asset investment by foreign companies increased by just 0.6% year-on-year, while fixed asset investment by Chinese private companies decreased by 0.4%, in sharp contrast to the 6.4% increase by state-owned enterprises.
Industrial production growth by foreign and private companies also significantly outpaced that of state-owned enterprises last year. Foreign direct investment fell 11.7% year-on-year to 112.7 billion yuan (US$15.7 billion) in January, following an 8% decline last year.
“What we value more is orders and stable business relationships,” said a Shanghai-based sales executive for a Japanese company with operations in China’s Yangtze River Delta.
The executive, who asked not to be identified due to the sensitive nature of the issue, said one concern is that Chinese customers are more likely to buy domestic brands as the government emphasizes independence.
He added: “If policymakers are asking why foreign companies don’t invest or exit despite good policies, they need to think more broadly. “We hope that we can establish normal political and economic relations.”
“And they want the Chinese government to address the impact that strategies such as technology independence have on foreign companies.”
China vows that private companies as well as state-owned enterprises will be ‘bigger, better and stronger’
China vows that private companies as well as state-owned enterprises will be ‘bigger, better and stronger’
Maximilian Butek, executive director of the China-German Chamber of Commerce, said the foreign business community wants to see how the Chinese government can build trust with consumers and the private sector. He said such efforts would also benefit foreign companies.
Echoing Beijing’s pro-business rhetoric, Shanghai Mayor Pingzheng told U.S.-China Business Council President Craig Allen that his city would seek high-level opening-up as a window for the world to observe China’s progress. He said he will play a leading role in expanding and profiting. foreign business.
At Thursday’s meeting, Gong called for more U.S. investment in Shanghai and vowed that the city would provide accurate and quality services, including intellectual property protection, to help companies develop.
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