Foreign companies confident in S. China
GUANGZHOU: Most foreign-funded enterprises in South China plan to increase investment substantially - rather than move elsewhere as reported by some news media - according to a survey released yesterday.
The survey, conducted from Jan 22 to March 7 by the American Chamber of Commerce in South China (AmCham South China) in partnership with Hewitt Associates Consulting (Shanghai) Co Ltd, polled 419 firms in which members of AmCham South China have invested, as well as joint ventures and representative offices in South China.
The results run counter to reports suggesting that a growing number of foreign-funded enterprises in the Pearl River Delta region and other parts of South China are moving away because of government macro controls and implementation of the new Labor Contract Law which they fear would add to operation costs.
