BEIJING – One out of four U.S. companies active in China has moved some operations out of the country or is planning to, as conditions worsen in the world’s second-largest economy, an American business group said Wednesday.
[Agence France-Presse| January, 20 2016 | Industry Week ]
Foreign investment has been a key part of China’s transformation in recent decades, which has seen it become the workshop of the world and its largest trader in goods, but growth is now slowing and it faces rising competition on labor costs from rivals in Asia and elsewhere.
The American Chamber of Commerce in the People’s Republic of China said more than three-quarters of respondents to its annual business climate survey — 77% — said they felt “less welcome” in the country last year.
