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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Most US firms in China optimistic despite challenges: survey AFP - Saturday, April 3 Send IM Story Print Most US firms in China optimistic despite challenges: survey Slideshow: Full Photo Coverage: Business & Economy BEIJING (AFP) - – Most US firms in China are positive about the future, despite growing concerns about discriminatory policies they say limit their access to the country's massive market, a survey released Friday said. The American Chamber of Commerce in China asked 388 companies about their five-year outlook for the Asian nation, with 91 percent saying they were slightly optimistic or optimistic, compared with 81 percent in 2009. The survey was conducted late last year before Google's spat with Beijing over censorship and the trials of four Rio Tinto employees in China. While most American companies were doing well in China -- 71 percent said they were profitable or very profitable -- they faced "complex challenges", said John Watkins, chairman of the business group. "They are troubled by a mounting number of policy challenges ranging from the inconsistent enforcement of laws, to China's discriminatory domestic innovation policies and regulations that limit market access," he said. "These policies appear to be diminishing the ability of foreign companies to access the Chinese domestic market, right at the time China shifts from being an export-led economy to a more domestic-consumption-led economy." The 12th annual business climate survey comes amid growing tensions between Washington and Beijing over a range of contentious issues such as the value of the Chinese currency. It was released nearly two weeks after a smaller survey by the chamber on China's new "indigenous innovation" policy, which is viewed by some foreign businesses as favouring domestic companies. That survey showed a growing number of US firms felt unwelcome in China due to discriminatory government policies and inconsistent legal treatment. The findings were echoed in an annual report by the US Trade Representative and submitted to Congress on Wednesday that said China had erected new hurdles to foreign competition through the innovation policy. The new rules stipulate that sellers of high-tech goods must contain Chinese intellectual property for them to be included in a government procurement catalogue. Accredited products will be favoured, according to the policy, which foreign firms say effectively excludes them from the process. China on Thursday rejected mounting complaints about its business environment, saying it treated all investors equally and that any difficulties were due to increased competition in the market. Recommend Send IM Story Print Related Articles US-BUSINESS Summary Reuters - 1 hour 18 minutes ago Carl Icahn unwinding Blockbuster stake Reuters - 1 hour 18 minutes ago U.S. actor John Forsythe dies, 92 Reuters - 1 hour 48 minutes ago Obama: U.S. starting to "turn the corner" on jobs Reuters - 2 hours 4 minutes ago Private sector hiring lifts March payrolls Reuters - Saturday, April 3 News Search Top Stories On Good Friday, criticism of pope likened to anti-Semitism French strike paralyses cross-Channel ferries US sees biggest job growth in three years Hamilton fastest in Malaysia GP, but cautious Did comet smashup unleash Earth's mini Ice Age? More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Abortion doctor killer gets life; no parole for 50 yrs Did comet smashup unleash Earth's mini Ice Age? Granny fined $1,500 for selling goldfish to child Hamilton fastest in Malaysia GP, but cautious Sherpa to carry Hillary's ashes to Everest summit More Most Viewed » 'Rare' fossil of new dinosaur species found in US Hollywood stars help prevent suicide after Twitter alert Junkies and junk-food addicts share craving mechanism Toad is a telltale for impending quakes: scientists More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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