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China Targeting Foreign Companies, American Chamber Says

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http://www.bloomberg.com/news/2014-09-02/u-s-companies-say-china-subjectively-enforcing-laws.html

China is targeting foreign companies with opaque laws and rules, according to a group representing U.S. businesses there, contributing to a deteriorating environment for investment in the nation.

Sixty percent of respondents to a survey last month by the American Chamber of Commerce in China said they feel foreign business is less welcome in the country than before, the group said today in Beijing, up from 41 percent in a late-2013 survey. Forty-nine percent said foreign companies are being singled out in recent pricing or anti-corruption campaigns.

U.S. companies are joining Europeans in flagging increased concern that local authorities involved in an antitrust crackdown are discriminating against non-Chinese corporations. The campaign threatens to exacerbate a decline in foreign direct investment in the world’s second-largest economy.

Hilarious when coming from America!

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China increasingly has everything it ever needed from these companies, does not want the West's housing ponzi finance market either - at least the top politicians don't.

Thanks for all the tech, suckers.

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China increasingly has everything it ever needed from these companies, does not want the West's housing ponzi finance market either - at least the top politicians don't.

Thanks for all the tech, suckers.

..also most likely trying to cut down on imports ...

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China increasingly has everything it ever needed from these companies, does not want the West's housing ponzi finance market either - at least the top politicians don't.

Thanks for all the tech, suckers.

They already have a housing Ponzi, do they not.

At least they only sell to other Chinese. We'll gladly let foreign BTLers crowd out ours.

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Shocking. A country looking out for itself.

If only we did the same and told all the freeloaders and foreign 'investors' to do one.

Politicians have been looking after i) themselves and ii) their corporate lobby donors.

The only reason they are even complaining now is that ii) are getting upset and that may affect i).

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They already have a housing Ponzi, do they not.

At least they only sell to other Chinese. We'll gladly let foreign BTLers crowd out ours.

That they do, but, repereatedly the chinese govt have said they don;t want it, and have repeatedly put in policies to counter it rather than explicitly pump it up. There is no doubt huge corruption but there is also huge levels of new building - pricate dwelling and commercial, which in the long run is a good thing, if the pricing itself is not.

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That they do, but, repereatedly the chinese govt have said they don;t want it, and have repeatedly put in policies to counter it rather than explicitly pump it up. There is no doubt huge corruption but there is also huge levels of new building - pricate dwelling and commercial, which in the long run is a good thing, if the pricing itself is not.

At least they know who'll be in power to clear up the mess if the bubble pops. No short-termism from the Chinese Government. :D

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But isn't the US doing the sanme to Russian and Iranian etc companies?

How can any Americans complain?

And French:

http://www.bbc.co.uk/news/business-28099694

And British:

http://www.theguardian.com/business/2012/dec/11/hsbc-bank-us-money-laundering

...etc etc...

Demise of the US as the global superpower and the loss of status of USD as the global reserve currency is sooner than most people think.

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And French:

http://www.bbc.co.uk/news/business-28099694

And British:

http://www.theguardian.com/business/2012/dec/11/hsbc-bank-us-money-laundering

...etc etc...

Demise of the US as the global superpower and the loss of status of USD as the global reserve currency is sooner than most people think.

As Enoch Powell once said, 'Those whom the gods wish to destroy, they first make mad.'

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