InfoAnda - Analysis: Ambition, fear means business tongue-tied on China

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Smirking Norway killer Breivik pleads not guilty | | 17 April 2012
Jimmy Carter Warns Israel Faces Catastrophe If No Palestinian State | 28 January 2009
Seoul shares end up 2 pct helped by banks, builders | 3 November 2008

UNHCR seeks talks with EU over Mediterranean migrants | 21 May 2009

Forum Views () Forum Replies ()

Read more with google mobile : Analysis: Ambition, fear means business tongue-tied on China

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 Weekend Edition Analysis: Ambition, fear means business tongue-tied on China Reuters - Saturday, January 15 Send IM Story Print By Scott Malone BOSTON - U.S. companies want a lot out of Chinese President Hu Jintao when he visits Washington next week. They have a long list of moans and desires. But in a sign of how fearful they are about upsetting Beijing and damaging their access to one of the world's biggest export growth markets, they won't talk about it in public. In the middle of last year several top executives were reported to have criticized China's domestic policies, in particular its lack of laws to protect intellectual property and its protectionist stance against foreign companies. Google Inc suffered a loss of Chinese business as a result of a big row with Beijing over censorship. Jeff Immelt, the chief executive of jet engines-to-scanning machines conglomerate General Electric Co, was even quoted as wondering whether China wanted foreign companies to be successful -- though GE disputes that account. Six months later, the titans of U.S. industry -- typically quick to criticize Washington -- are shy of provoking the Chinese dragon. More than a dozen major companies with big Chinese businesses who were contacted by Reuters declined to comment on what they wanted out of Hu's visit. One that did respond was Wal-Mart Stores Inc. "Walmart has grown in step with the opening of China's retail market," said Kevin Gardner, a spokesman for the world's largest retailer. "We have aligned many of our growth goals with the government." He did not say what the Bentonville, Arkansas-based company hoped would come of the summit between Hu and U.S. President Barack Obama. CEOs' restraint in airing their concerns about Chinese policies reflects their fear of losing access, said Peter Klein, senior portfolio manager at Fifth Third Asset Management in Cleveland, Ohio, which holds shares of companies including GE, United Technologies Corp and 3M Co, all of which have sizable Chinese operations. "The Chinese government will lock you out," Klein said. "It's not a command-and-control economy, but it certainly isn't a fully capital-oriented economy either. You have to be patient to get what you want. And if you have to shut up, you shut up." Google's bust-up with China over censorship last year sent shivers through many foreign businesses. The internet company in January accused China of launching a sophisticated hacking attack against its servers and in March began routing Chinese users' searches to Hong Kong in an end-run around Beijing's censorship practices. China renewed Google's license after the U.S. company made a change that allows users to access the Hong Kong site but does not send them there automatically. But Google has continued to complain that Chinese censorship is hurting its business, and has reported sporadic disruptions to its service there since the summer. 'SIGNIFICANT CONCERNS' Not that the companies aren't pushing their cases behind the scenes, using proxies within the government and lobbyists. Obama administration officials have trotted out for a series of policy speeches this week criticizing China's trade stance ahead of Hu's state visit. "When I talk to business leaders across America, they continue to express significant concerns -- shared by business around the world -- about the commercial environment in China," U.S. Commerce Secretary Gary Locke said on Thursday, complaining that Beijing often fails to keep promises to open its markets. "Perhaps an agreement is made, but it never becomes binding," Locke said. "Or perhaps there's a well-written law or regulation at the national level, but there's lax enforcement." Treasury Secretary Timothy Geithner has also been beating the drum to push China to allow its currency to rise in value. Most succinct in summarizing the concerns this week was Thomas Donohue, president of the U.S. Chamber of Commerce. "We are also concerned about a host of Chinese policies -- from its efforts to promote indigenous innovation, to the favoritism it shows to domestic industries, to its lax protections, to its undervalued currency," he told Reuters. But Donohue made it clear that U.S. business isn't in lockstep with a push by some in Congress to take stiff measures against China if it doesn't revalue the yuan sharply. "Starting a trade war with one of our fastest growing exports markets is not the answer," Donohue said. DIVIDED VIEWS Corporate America is far from united on such questions. For companies like Wal-Mart Stores, a sharp rise in the yuan will make sourcing Chinese goods more expensive and threaten profit margins. Others, like Caterpillar Inc and GE, aim to manufacture much of the equipment they sell in China within the country, which diminishes the effect of the exchange rate. One rare exception to corporate America's silence came in July, when GE's Immelt reportedly said Chinese authorities do not want foreign businesses to succeed. "I am not sure that in the end they want any of us to win, or any of us to be successful," Jeff Immelt told a group of executives at a dinner in Rome, the Financial Times reported. A GE spokesman at the time said the comments "were taken out of context and, in some instances, inaccurately reported," but declined to provide a fuller account of Immelt's words, saying they were intended to be off the record. Immelt remains publicly enthusiastic about GE's prospects in China, telling investors in December the largest U.S. conglomerate expects "excellent growth in China in 2011." U.S. companies have at time been less restrained in expressing their fears that their intellectual property becomes vulnerable when they do business in China. That is a vital concern in an economy where many companies focus on developing and selling products, handing off the actual manufacturing to facilities in China and elsewhere in the developing world. Microsoft Corp CEO Steve Ballmer identified "better global enforcement of intellectual property laws" as the world's largest software company's No. 1 lobbying priority in an interview with the Washington Post in July. "That is particularly true in China, where the protections are the weakest," Ballmer told the paper. U.S. businesses' fears range from outright piracy of their goods to the transfer of technological know-how that can be inevitable in joint ventures with Chinese companies. "Sometimes Beijing mandates that foreign firms share technology, locate R&D in China and so forth, and the U.S. business community sees that as tying their hands when they go to China," said Kevin Gallagher, professor of international relations at Boston University. "They say, 'We'll do that for five years and then all of a sudden China will have its own competitor that looks just like us.'" Recommend Send IM Story Print Related Articles Google gains ground in US search market AFP - Saturday, January 15 IBM may boost tech confidence, services in focus Reuters - Saturday, January 15 Kennedy library puts archives online AFP - Saturday, January 15 US-TECH Summary Reuters - Saturday, January 15 Over half of US online adults use Wikipedia: survey AFP - Saturday, January 15 News Search Top Stories Fiat Mirafiori staff 'approve' deal with conditions BP, Rosneft reach 'historic' Artic deal Delta mulls massive aircraft purchase JPMorgan Chase profits soar in 2010 US consumer prices up 0.5% in December More Top Stories » ADVERTISEMENT Most Popular Most Viewed N.Zealand flood rescuers get Aussie snake catcher Breastfeeding study raises doubts over guidelines JPMorgan Chase profits soar in 2010 Delta mulls massive aircraft purchase Phelps returns to the swimming pool in Texas More Most Viewed » 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 Weekend Edition 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 Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Saturday, 15 January 2011
Judicial enquiry into Berlusconi, teenage girl: press
Taiwan develops face-recognising vending machine
Delta mulls massive aircraft purchase
Mobile app takes on India's cheating tuk-tuk drivers
JPMorgan Chase profits soar in 2010
Ivory Coast strife draws in West Africa central bank |
Dozens of pilgrims killed in India stampede: report |
Lebanon's Hariri says no alternative to dialogue |
Quake in Chile set off tremors in California: U.S. study |
China and Russia won't join nuclear tour: Iran |
Haiti slum clash stokes unrest fears, one killed |
Spelling challenged Florida man claims emotional distress and sues WikiLeaks, Julian Assange alleging treason
GM adds $2 billion in shares to pension plan
Hasbro Holiday Sales Decline
Intel's market sway wanes as it bucks S&P gains |
UC Berkeley begins laying off 150 workers
US bank closing UN diplomatic accounts
Sprint eyes machine-to-machine benefits in 2 years |
Nude housekeeper acquitted in murder of client
GOP poised to vote for new chairman
OWN acquires docufilm about Chaz Bono's reassignment surgery
Analysis: Ambition, fear means business tongue-tied on China |
American cheap chic discount chain enters Canada
Wife of Massachusetts Rep. Tierney Sentenced To Prison
Intel settles with WiLAN over patent litigation |
Doctors to amputate actress Zsa Zsa Gabor's leg |
CBS concerned about Charlie Sheen but show goes on |
Adam Sandler and Andy Samberg teaming on Dad film |
Gwen Stefani becomes new face of L'Oreal Paris |
James Gandolfini is rock solid in Down the Shore |
Big ratings for Wipeout, Big Bang Theory |
Publicist sues Golden Globes organizers |
Green Hornet off to good start at midnight showings |
Paris Hilton promises tears, fights in new series |
Launch of Murdoch's The Daily delayed: report
US consumer prices up 0.5% in December
Wikipedia founder sees biggest impact yet to come
Australia and S.Korea draw in Asian Cup match
Analysis: Investors look to cloud for tech stock picks
U.S. agency sees problems in Falcone's wireless plan
Jude Law returns to London stage in "Anna Christie"
Lebanon's Hariri vows to cooperate on ending crisis
Taliban 'to allow girls education': minister
Fiat Mirafiori staff 'approve' deal with conditions
Tunisia PM pledges calm, coalition talks as president flees |
Hundreds protest over high prices in south Jordan
BP, Rosneft reach 'historic' Artic deal
US-TECH Summary
Sprint eyes machine-to-machine benefits in 2 years
Sadr's followers demand Biden stay away from Iraq
Judicial enquiry into Berlusconi, teenage girl: press
Roadside bomb kills 7 in southern Afghanistan
Intel settles with WiLAN over patent litigation
100 pilgrims killed in India stampede |
Analysis: Ambition, fear means business tongue-tied on China
107 trillion emails sent last year: Pingdom
Globes face lawsuit on eve of Hollywood show
Rival urges force to oust I. Coast's Gbagbo
More than 100 dead in Indian pilgrimage stampede
Weeks of rains leave 47 dead in Philippines
Goldman's Blankfein pitches for Groupon's IPO: report |
Taylor defiant as N. Zealand melt down
Broadcast critics click on Social Network |
Steven Tyler talks American Idol |
Pair arrested in false claim against actor Gary Busey |
Showtime planning reality TV series on gigolos |
San Francisco Giants to star in reality TV show |
Amnesty urges torture charges on Indonesia soldiers
China urges Taiwan to release fishermen: report
YouTube mobile video viewing tops 200 mln a day
Volunteer army cleans up, Australian floods spread
Japan foreign minister arrives in S. Korea
Doctors amputate actress Zsa Zsa Gabor's leg
Kama Sutra virus dupes with sexy promise
Clinton presses China on rights before visit
Hollywood production in Canada sees modest climb back
Aussie NBA star Bogut to help flood victims
NY judge to sentence geriatric gangster, 93
List of possible Hutchison successors takes shape
Youngest Ariz. shooting victim laid to rest
Globes face lawsuit on eve of Hollywood show
The abrupt dawning of the age of Ophiucus
US-ENTERTAINMENT Summary
Steven Tyler talks "American Idol"
Pair arrested in false claim against actor Gary Busey
China to station troops in N. Korea: report
Doctors amputate actress Zsa Zsa Gabor's leg
Showtime planning reality TV series on gigolos
San Francisco Giants to star in reality TV show
North Korea to set up economic development bureau
Gwen Stefani becomes new face of L'Oreal Paris
US to be candid on economy during Hu trip
Big ratings for "Wipeout," "Big Bang Theory"
Indian billionaire barred from investing in stock market
US, EU firms complain China not doing enough on IPR
Hyundai Motor signs initial deal to buy builder
Myanmar planning large-scale privatisation: local media
Pakistani stocks end on 31 mth high; rupee firms
Strong yen forces Daihatsu out of Europe
China raises banks' reserve requirement ratio
Google gains ground in US search market
IBM may boost tech confidence, services in focus
Kennedy library puts archives online
Over half of US online adults use Wikipedia: survey
Mobile doubts weigh on chipmakers Intel, AMD
Iran opens atom sites to foreign envoys
US Marine kills Afghan policeman after dispute
Zsa Zsa Gabor has leg amputated to save life
U.S. marine kills Afghan policeman after dispute |
Many still missing in Brazil floods |
Iraqi soldiers kill two U.S. soldiers in Mosul |
EU freezes Ivory Coast port and bank assets |
Gunmen kill 17 in new Pakistan violence in Karachi |
IAEA envoys tour Iran nuclear site: report |
Politics makes convicting Pakistani assassin difficult |
Deadly day for US troops in Iraq, three killed
S. Korea wants UN to act on N. Korea uranium
Anglican bishops ordained as Catholic priests in London |
Sudanese youths call for peaceful government overthrow |
Federal judge remembered as a fair jurist
S. Korean freighter hijacked off Somalia
Banned lean-enhancing drugs in Taiwan detected in US beef
Ronald Reagan's son: Alzheimer's seen during presidency
Unctad chief urges safety net, Downturn could spread, Supachai warns
Obama administration ends high-tech border fence
Gunmen kill 17 in new Pakistan violence in Karachi
Official: Ariz. shooter posed in G-string with gun
Philippines to expel 70 S. Korean children
Panel says women should be allowed in combat units
At least 100 pilgrims killed in south India stampede
GOP ousts Steele, picks Priebus to head party
Thai red shirts and traders strike a deal on protest schedule
Thai environment report paints bleak picture
Doctors amputate actress Zsa Zsa Gabor's leg |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01