www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Make me your Homepage
left corner left corner
China Daily Website

US moves against China firms criticized

Updated: 2013-09-13 02:36
By Zheng Yangpeng in Dalian, Liaoning (China Daily)

Banker says blocking Sany, Huawei Technologies 'totally groundless'

A decision in the United States to block Sany Group Ltd's involvement in a wind farm project was "foolish" and blurred the whole picture of a general open US attitude toward Chinese investment, a top Chinese banker said at the Summer Davos.

Li Ruogu, chairman of the Export-Import Bank of China, a State policy bank, said the US move was "totally foolish" and its justification of the move citing "national security" was totally "groundless".

US moves against China firms criticized

Participants chat during a break at the Summer Davos in Dalian, Liaoning province, on Thursday. Francisco J. Sanchez, US undersecretary of commerce for international trade, said the US is open to Chinese investment. China's direct investment in the US grew 123.5 percent to $4 billion in 2012.[ZOU HONG / CHINA DAILY]

Sany is a major Chinese private-sector maker of heavy equipment.

"The case, as well as the Huawei case, is so typical. I don't know why the US government made such a foolish decision. Isolated cases have made an issue that should not be a ‘problem' into a ‘problem'," he said.

Ralls Corp, which is incorporated in Delaware and operates out of Peachtree City, Georgia, is privately owned by two Chinese nationals — Duan Dawei, chief financial officer of Sany Group, and Wu Jialiang, a Sany vice-president and general manager of subsidiary Sany Electric Co.

Ralls had sought to build or acquire US wind farms where Sany's turbines could be used. One of those farms was in Oregon, near restricted airspace above a US military base. US President Barack Obama decided to block the project.

Another private company Huawei Technologies Ltd, was barred from access to the US market, also over national security concerns.

The two cases, both of which took place in late 2012, generated widespread media coverage and heated debate in China, exacerbating the perception that the US market is persistently closed to Chinese investment.

But Francisco J. Sanchez, US undersecretary of commerce for international trade, a panelist in the Davos discussion in Dalian, dismissed the claim that the US is not open to Chinese investment.

He said that 98 percent of foreign countries' outbound direct investment into the US requires no government review, and the vast majority of investments that are reviewed are ultimately approved.

"This (review) is not unique to China. It applies to (companies) all over the world who hope to invest in or acquire technologies that we deem as related to national security," said Sanchez.

"I want to make it very clear that the United States welcomes Chinese investment," he said.

The two cases did obscure the overall robust picture of Chinese investment in the US. In 2012, the Chinese mainland's ODI in the US grew 123.5 percent to hit $4 billion. At that point, the US became the second-largest ODI destination after Hong Kong, according to a Chinese government report.

By the end of 2012, cumulative investment from the Chinese mainland in the US was $17 billion.

Ma Weihua, chairman of Wing Lung Bank and former chairman of China Merchants Bank, said most Chinese companies are not prepared to "go global", as shown in the high percentage of failures in ODI.

In 2010, more than 10 percent of Chinese outbound investments failed, one of the highest rates in the world. More than 20 percent had lost money, he said.

"Many Chinese companies do not have a clear strategy in terms of going abroad. Some just go abroad because they think they are big enough. And the low-price strategy they generally apply abroad could easily provoke local repulsion," Ma said.

Li, the banker, pointed out that Chinese executives abroad have very limited integration with local cultures: They tend to work and live in an isolated environment in foreign markets and seldom communicate with locals. They are particularly weak at language skills.

"Throughout my intensive travel experience in Africa, my personal feeling is that Chinese culture hardly resonates with these developing nations," he added.

Michael Andrew, global chairman of KPMG International, a global auditing corporation, said the firm's survey of Chinese clients showed that a few years ago, 86 percent of Chinese companies that had outbound investment were State-owned enterprises. Their investment was overwhelmingly concentrated in energy and infrastructure. But now more investors are targeting areas such as food, technology and services.

 
8.03K
 
...
主站蜘蛛池模板: 欧美怡红院在线观看 | 久久成人精品免费播放 | 国产精品色内内在线播放 | jyzzjyzz国产免费观看 | 精品免费国产一区二区三区 | 九九夜色| 男女很舒服爽视频免费 | 亚洲人成在线影院 | 中文字幕综合 | 欧美成人精品大片免费流量 | 久草手机在线观看视频 | 一道精品视频一区二区三区图片 | 欧美三级做爰视频 | 亚洲国产精品一区二区久久 | 中文乱码一二三四有限公司 | 国产性精品 | 精品一区二区三区五区六区 | 免费一级淫片aaa片毛片a级 | 91亚洲精品一区二区福利 | 日本一区二区三区不卡在线视频 | 亚洲欧美视频一区二区 | 波多野结衣中文一区二区免费 | 成人国产在线视频 | 亚洲美女aⅴ久久久91 | 国产一级做性视频 | 美女一级片 | 99在线精品视频在线观看 | 手机国产精品一区二区 | 国产丶欧美丶日韩丶不卡影视 | 一级做a爰全过程免费视频毛片 | 久久久久久综合七次郎 | 久久久久一级片 | 成人三级在线视频 | 亚洲孕交 | 日本三级香港三级人妇99 | 国产免费v片在线看 | 视频一区在线免费观看 | 性色a| 亚洲国产成a人v在线观看 | 国产国语对白一级毛片 | 午夜在线影院 |