Chinese markets opened for foreign contractors

Is China giving an equal opportunity treatment to both local and foreign-invested companies?

Saturday, September 5th, 2009

The European Union Chamber of Commerce in China thinks the Chinese government is actively directing relevant contracts to domestic companies by increasing regulation and restrictions to foreign corporations.

The failure of the world’s five largest wind energy operators to have a single national development project in China is given as an example of discrimination. Bad news for a huge investment sector in China where the government wants to reach 1000 GW in the future.

As always, everything depends on the perspective. Big investment Chinese moves have been neutralized in several countries.

The European Union criticized the Spanish government intervention when the German utility company E.ON was somehow excluded to take over Spanish Endesa.

Today, the German government is heavily supporting Magna’s bid for GM’s subsidiary Opel while the European Union commissioners turn a blind eye.

The New York Times just published an article regarding this issue. Click here to read the full article European Companies Say Chinese Market Opening Too Slowly

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