American businesses feel increasingly less welcome in China, according to a new survey, following a recent string of investigations into foreign companies that has raised concerns about rising protectionism.
Of the 477 American companies polled in the American Chamber of Commerce’s (AmCham) 2015 China Business Climate Survey Report, 47 percent said they felt less welcome in China than before, up from 44 percent last year. Survey respondents represent a broad set of industries, from resources to IT, with a presence across the country.
Last year, several high-profile international companies including Microsoft, GlaxoSmithKline, Qualcomm, Audi and McDonald’s were the targets of aggressive probes around health and safety, anti-trust and anti-bribery.
CNBC
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