China Taking Measures to Retain Businesses
China’s ambassador to India has refuted claims of businesses leaving China. The ambassador cited a recent survey by the American Chamber Of Commerce in China that 70% of U.S. companies in China would not move out Chinese products in India have recently drawn flak when PPE and testing kits from China were found faulty. Many multinational companies with units in China are considering to shift their operations out of the country. India is eyeing this opportunity to lure multinationals to the country. He later went on to add that China will continue to relax restrictions on market access and strive to create a more favourable foreign investment environment. China hoped that the Indian side would treat Chinese enterprises in India equally and create an open, fair and equitable business environment.
Tags : INTERNATIONAL China American Chamber Of Commerce U.S. companies foreign investment