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Thread: China's prowess has been overrated?
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[quote=ICEBERG,272431]While it is rare for foreign business executives to voice such remarks publicly, Mr Richenhagen's views will carry weight with other company managers who have also privately expressed frustrations about some aspects of the business environment in China. In certain key industries such as power, cars and steel, Beijing has placed barriers in the way of allowing non-Chinese companies to acquire majority stakes in local businesses, even if the authorities have been happy to allow non-Chinese companies to set up joint ventures or build their own factories in the country that operate without any Chinese partners. What do you think of this article?[/quote]
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