Mexican Media Brands
China Targeting Foreign Companies Unfairly?
Foreign multinational companies doing business in China reiterate their complaint that they are unfairly being singled out by the country's regulatory groups.
#regulations
Share
Foreign multinational companies doing business in China reiterate their complaint that they are unfairly being singled out by the country's regulatory groups.
A poll unveiled earlier today by the American Chamber of Commerce in China finds 60% of respondents feeling less welcome compared with 41% who thought so late last year. Half feel foreign companies are being targeted by anti-monopoly agencies.
China's foreign minister and the National Development and Reform Commission dismiss the claims as groundless. They say China is applying its laws equitably.
Chamber Chair Greg Gilligan reports that his group's members strive for compliance but complain many China rules are "highly opaque and difficult to anticipate."
RELATED CONTENT
-
BMW Granted License to Test Self-Driving Cars in Shanghai
BMW AG has become the first foreign carmaker to win permission to test autonomous vehicles on public roads in China, according to the Shanghai Daily.
-
Dubai to Test Digital License Plates
Next month Dubai will begin testing digital license plates that can display various messages, make payments and conduct other transactions.
-
Toyota Targets 2021 Launch for V2V Tech in U.S.
Toyota Motor Corp. plans to expand its vehicle-to-vehicle communication technology to the U.S. by 2021 and offer it across most Toyota and Lexus models in the country by mid-decade.