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Search resuls for: "British Chamber of Commerce"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBritish Chamber of Commerce in Germany: Brexit continues to have negative impactMichael Schmidt, president of the British Chamber of Commerce in Germany, discusses a report that found Brexit continues to negatively weigh on business and trade in the U.K. and European Union.
Persons: Brexit, Michael Schmidt Organizations: British, of Commerce, British Chamber of Commerce, Union Locations: Germany
Such disruptions were a major “push factor” that companies cited in expanding their operations outside China, the survey showed. Foreign companies are on edge following unexplained raids on two consulting firms and a due diligence firm. Foreign investment into China fell 2.7% from a year earlier in the first half of 2023, according to official data. A survey by the British Chamber of Commerce in China found 70% of foreign companies want “greater clarity” before making new investments. Despite the relatively gloomy perspective evinced by the survey, some things have improved, American Chamber of Commerce members said.
Persons: , Sean Stein, AmCham, ” Stein Organizations: American Chamber of Commerce, U.S ., Companies, Washington, U.S, , British Chamber of Commerce, European Union Chamber of Commerce Locations: China, Washington, Shanghai, U.S, Southeast Asia, Mexico
Hong Kong CNN —Dentons, the world’s biggest law firm by number of employees, is distancing itself from its business in China in response to intensifying regulation in the country. The firm notified clients of the move this week in an internal memo shared with CNN Tuesday. Dentons said that starting this month, its China unit would operate as a standalone legal entity. Its China business operates independently under its Chinese name Hongshan. Leaders of the Silicon Valley firm said at the time that it had “become increasingly complex to run a decentralized global investment business.”
Persons: Hong Kong CNN — Dentons, Dentons, ” Dentons, Bain, “ who’s, ” Michael Hart, , Organizations: Hong Kong CNN, CNN, Hong, Dentons, Group, American Chamber of Commerce, British, of Commerce, European Union Chamber of Commerce, Sequoia Locations: Hong Kong, China, Dentons, , Shanghai, New York, Beijing, Europe, United States, India, Southeast Asia
To drum up business, Chinese leaders have urged foreign companies to invest more in the country, promising them an open and level playing field. “The interests of the United States and China are intertwined like conjoined twins,” he was quoted as saying by the foreign ministry. Over time, “there will be less trade” between China and the United States, Dimon predicted. The move was seen as retaliation for restrictions the United States has imposed on Chinese chipmakers. The interests of the United States and China are intertwined like conjoined twins.
Persons: Elon, Laxman, Jamie Dimon, Qin Gang, Tesla, Elon Musk, Musk, , Warren Buffett, Dimon’s, Dimon, That’s, Bain, “ who’s, ” Michael Hart, Ben Cavender, Nick Marro, Tim Cook, Cook, Marro, , ” —, Sophie Jeong, Martha Zhou Organizations: Hong Kong CNN, Tesla, Starbucks, JPMorgan, Apple, Samsung, Aramco, Volkswagen, HSBC, Standard Chartered, Foreign, China's Ministry of Foreign Affairs, Reuters, China’s Foreign, Shanghai’s Communist Party, Bloomberg, Group, American Chamber of Commerce, CNN, British, of Commerce, China Market Research Group, US, Micron, Economist Intelligence Unit, “ Companies, China Development Forum Locations: Hong Kong, China, Beijing, United States, Shanghai, Taiwan, Washington, New York, American, Xinjiang
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect 'enormous inconsistencies' between China's local and central Covid policies: BritCham ChinaSteven Lynch of the British Chamber of Commerce in China says "we're about to see an exit way" from China's zero-Covid policy.
SHANGHAI, Oct 24 (Reuters) - Overseas business groups in China expressed on Monday wariness about President's Xi Jinping's newly unveiled leadership team and his stated priorities, with some urging against greater state intervention in the market. While the European business group was positive on remarks Xi made on environmental protection, it said it wanted more clarity on how China planned to remain committed to reform and opening up but also how it would "stay independent and self-reliant". "It is not clear how these two statements can be reconciled in practice," it said. Overseas businesses in China have grown increasingly critical of policies such as a tough zero-tolerance stance on COVID-19, which they say is discouraging investment and preventing them from attracting foreign staff. Register now for FREE unlimited access to Reuters.com RegisterReporting by Josh Horwitz; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.
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