US more confident China will open up to foreign investments
Beijing — US companies are more confident China will further open up to foreign investment in coming years, a top business lobby said on Tuesday, but it cautioned that an "astounding" three-quarters of its members do not feel welcomed by the Chinese government. The American Chamber of Commerce in China also said in a report on its annual membership survey "even-handed enforcement of laws and regulations regardless of shareholder nationality" and an open investment environment were needed to reduce trade frictions between China and the US. "After several years of contraction, more companies are expanding investment, yet the growth in investment will remain much slower than historical levels," the chamber said. The outlook on sustainable economic growth in China was "generally positive", with 46% of respondents expressing confidence that the government would further open China’s market to foreign investment within the next three years, up from 34% in the previous survey, it said. Howe...
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