British companies are threatening to withdraw from China by over protectionism

Keywords withdraw from China   Date Wednesday, February 10, 2010   From Chinahourly    Views

The rules, saying often impossible to fulfill, and faces an overwhelming climate of protectionism, many of them are now open as to whether to let the largest market in the world.

We are preparing for the arrival of this year, British companies, some have begun to make the economy continue to operate in China because,  said a diplomatic source. He added that insurance and financial services, he was particularly incensed that the profit and market share is not the case because of legal obstacles.



However, in almost all areas affected by new requirements aimed at forcing foreign companies to themselves and to increase national organizations in the country.

Following Google's decision to oppose the Chinese government, other companies have complained of a  witch hunt against foreigners, the British companies, the U.S. and Europe with the theft of intellectual property, market access processes selectively block bids and handling carrying out a deliberate violation of rules.

We are here since 1995, said the head of the company's technology will not reveal their identity for fear of reprisals.  We have 1,200 employees and four Chinese foreign leaders. But now we see the subsidies our competitors, which are for mostly state-owned enterprises,  he added.

And then there are rules that our clients buy only Chinese company to force the government to require all companies in our industry, mainly because .. But foreign company allowed to have licenses, he said, adding that China is very greater confidence from the financial crisis.

The options are now limited. The company can use technology in the hands of a Chinese partner in an effort to obtain certification, but then the risk of loss of intellectual property.

With hundreds of billions of pounds in cash and new bank loans flowing through the revival of the Chinese economy, the authorities have found that money from the Chinese companies need to do well, and the market must become major players.

Consequently,foreign companies against exclusion from the market after years of cultivating relationships and investment in the country. A financial services company that won a major contract with one of the largest airports in China had stopped suddenly.

They told us they wanted to move forward and not a local company. We are now in arbitration,  said a source.

In recent months there have been many very pessimistic estimates of European companies,  said the representative of the European Chamber of Commerce.  China has recovered from the economic crisis very quickly, but the perception that foreign companies have already decided to exclude. There was a change of tone, he added.

The booming business in renewable energy sources, said that China had not signed the WTO contracting parties which will be deducted from the construction contract to prevent the power from the outside.

Meanwhile, a director enters into a commercial bluntly:  The idea that China will become a lucrative market for foreign companies was an illusion.

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