Tag: business in china

Flight From China 

February 28, 2023
Business & MarketsBusiness Columnistsbusiness in chinaChinaChinese wageforeign businessOpinionThinking About China
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Commentary Chinese leader Xi Jinping and others in China’s communist regime frequently associate themselves with the reputation Chinese culture has for patience and taking the long view in human interaction. If that cultural reputation is justified, Beijing’s claims ring false. Little of what China’s leadership does—certainly in the realm of economics—exemplifies either patience or the…

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China’s Market Environment Deteriorates as Foreign Investment Confidence Drops to New Low

November 9, 2022
AmChamAmerican Chamber of Commercebusiness in chinabusiness outlookCCPChinaChina Business & EconomyEurope-China RelationsEuropean ChamberFinance & Business Tiesforeign investmentInternational Relationsplanned economySpecial TopicsU.S.-China relationsUS-China relationszero-covid policy
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China’s business outlook has dropped to a historic low while revenue forecasts reached the lowest in a decade, according to hundreds of American businesses operating in the country. An annual business report released by the American Chamber of Commerce in Shanghai (AmCham Shanghai) on Oct. 28 showed that only 55 percent of the companies surveyed…

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Stellantis Joint Venture in China Filing for Bankruptcy Due to Plunging Vehicle Sales, Company Says

October 31, 2022
Business & Marketsbusiness in chinacarmakerChinaChina Business & EconomyChinese business practicesCompaniesFinance & Business TiesSpecial TopicsStellantisWorld
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European carmaker Stellantis has announced that its joint venture (JV) in China is filing for bankruptcy following poor vehicle sales over the years. The JV, which sold the Jeep Cherokee SUV and the Jeep Compass crossover SUV in China, saw sales decline significantly during the past year. In 2021, sales crashed by 50 percent to…

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