American Tech Giants against ChinaAdded: Sunday, September 7th, 2014
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American tech firms keep complaining that Chinese regulators threaten to shut them out. According to the American Chamber of Commerce in China, there are a lot of investigations going on scrutinizing at least 30 foreign companies under the local 2008 anti-monopoly law.
The Chamber confirmed that multinational companies remain under “selective and subjective enforcement” using both legal and extra-legal approaches. The findings of the survey of 164 members demonstrated that almost 50% of respondents felt that foreign companies were being singled out in recent pricing and anti-corruption campaigns. The survey conducted last year and involving 365 members showed 40%. In the meantime, ¼ of the respondents were uncertain, or did not know, and the same number of people said no.
According to Lester Ross, vice chairman of the Chamber’s policy committee, the expansion of the enforcement was welcome in principle, but the problem is that regulators are using “extra-legal” means to carry out their investigations. He believes that the regulators have taken “vague or unspecified” provisions in the legislation and moved to enforce them without respect to the notion of due process.
As a result, the Chamber of Commerce had to write to Secretary of State John Kerry and Treasury Secretary Jacob Lew to ask them to negotiate with Beijing its use of anti-competition rules.
On the other hand, China explains that it uses competition legislation to advance industrial policies protecting domestic companies. But the way the country enforces the legislation is worrisome, and not only for the US: the European Union Chamber of Commerce in China also expressed its concern last month over the antitrust investigations. At the time, the EU Chamber said that China was using strong-arm tactics and appeared to be unfairly targeting foreign companies.
In response, China claims that some business operators in the country failed to adjust their practices in accordance with the Chinese anti-monopoly legislation. Some of them perfectly understand their failure but believe they may escape punishment. You can find Qualcomm and Microsoft among the victims of the Chinese investigations. The local subsidiary of Qualcomm was suspected of overcharging and abusing its market position in wireless communication standards, while Microsoft has only 20 days to reply to queries on the compatibility of its Windows OS and Office software suite.
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Sunday, September 7th, 2014
|Tut tut. It seems the starving oriental peasants are getting tired of being mercilessly exploited and ripped off, after 400 years of it. Is your 10,000% profit margin looking like shrinking a few points?|
Well, America, why don't you just pay back the 60 trillion + you owe China, take your factories, and go home? Perhaps you could employ a few more of your own people. (Like China does - China has built profitable factories in America and employs 80,000 very happy Americans already - and complies with every law) But I suppose all you'll do is get the good old NSA to give Dali Lama a few more guns (oops, he's a CIA man, I should have said), or those terrorists from Yunnan so they can continue hacking kids and old ladies to death in the name of freedom. Or perhaps plant a few more spyware programes in Chinese products you haven't a chance to compete with in an open and fair market.
|posted by (2014-09-13 00:35:18)|
|When we go should we take our cell-phone technology, computer technology and the transistor we invented as well? Could you read well enough to see they are practicing unfair trade practices against Europe, as well? I love people who bitch about America and forget all the good we have done. You should try voicing your opinions in Teena-men Square.||
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