Pay back time for foreign companies – Shaun Rein

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Shaun Rein

American and European companies in China are complaining they are less welcome than in the past. That might be a correct feeling, says business analysts Shaun Rein to Bloomberg, for example when it comes to a higher living standard for their workers in China.

Bloomberg:

The push to improve the living standards of employees comes as Western firms are still clamoring for greater market access. In a January survey of 462 U.S. companies by the American Chamber of Commerce in China, 81 percent said they felt less welcome in China, while more than 60 percent have little or no confidence the country will further open its markets in the next three years.

Chinese officials, meanwhile, counter such complaints by pointing to the years of tax breaks and other special treatment afforded to large foreign companies to encourage them to invest in China, according to Shaun Rein, managing director of Shanghai-based China Market Research Group.

“There’s a feeling among the government that foreign companies have made a lot of money on the back of poor Chinese,” said Rein. “Now the government feels foreign companies need to give back.”

More in Bloomberg.

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