Pollution is driving foreign executives out of China

[Ryuzaki]

A majority of American companies operating in China are having trouble recruiting senior executives from abroad due to rising concerns over intense air pollution.
Fifty-three percent of firms are having trouble filling executive roles, according to a survey released Wednesday by Bain & Company and the American Chamber of Commerce in China.

It is the first time a majority of respondents have pinned recruiting troubles on China's smoggy skies. Last year, 48% of companies cited the issue, up from only 34% in 2013.

Some of the world's most polluted cities are located in China, and residents are speaking out in greater numbers about choking air pollution, contaminated food, and water that is unsafe to drink.

American businesses also complained of receiving a chilly welcome in the world's second-largest economy. Forty-seven percent of respondents said they felt less welcome in China than before, and only 10% said they felt more at home. Another 43% said they detected no change.

Protectionism is another worry. Fifty-five percent of respondents said they believe foreign firms were being singled out in recent enforcement campaigns, making many of them less likely to invest in China.

Still, businesses remain upbeat about their short-term plans in the country. Seven out of 10 companies said they were optimistic about the next two years, especially when it comes to service industry growth.

Pollution is driving foreign executives out of China - Feb. 11, 2015

 

[Hamartia Antidote]

Team USA | Page 49

After reading above start here and work your way down to it Team USA | Page 49

 

[bobsm]

Protectionism is another worry. Fifty-five percent of respondents said they believe foreign firms were being singled out in recent enforcement campaigns, making many of them less likely to invest in China.

I highly doubt it.
China overtakes US as world’s top investment magnet: UN | DailyFT - Be Empowered

 

[StarCraft_ZT]

NATIONAL monuments skulk in the smog. Pedestrians and traffic policemen mask their mouths in a vain attempt to keep out the fetid vapours. Children choke in their schoolrooms. Two years ago such scenes would have been set in Beijing, then suffering an “airpocalypse”—alarming levels of airborne pollution which focused public attention on China’s dismal environmental record and forced the government to do more about it. Today they are more likely to feature in India’s capital, Delhi, the most polluted city on Earth.

India’s mission in the next 30 years is to grow as fast as China has in the past 30—but without all the pollution (see article). The global climate could not bear India following China’s path; and the health of Indians could not stand it. Instead India’s prime minister, Narendra Modi, needs to improve India’s environmental laws by drawing lessons from China.

If India were to start belching out as much carbon as China does now, it would be adding an extra America’s-worth of emissions to the atmosphere every year. That is why curbing pollution would benefit everyone. But it would benefit Indians the most. One study calculated that air pollution (from soot, mostly, not carbon dioxide) has reduced the life expectancy of citizens of northern China by about 5.5 years (see article). The authors of that study have now looked at India, and concluded that air pollution already cuts life expectancy there by about three years for nearly 700m people.

The good news is that India has some advantages over China. When it began its market reforms, China was saddled with monstrously polluting, Soviet-inspired heavy industry. India has fewer smokestacks and a bigger services sector. Its bureaucrats do not have to meet targets for economic growth, which in China encourage local officials to favour output over cleaner water or purer air. And although Indians are sometimes said not to care about the environment, they can look back to an ancient tradition of green law. Ashoka, who united much of the Indian subcontinent in the third century BC, was the first ruler to issue edicts protecting his natural surroundings (“Forests must not be burned in order to kill living things or without any good reason,” said one rule).

All that bodes well. But India still has much to do. Smoke from cooking fires claims about 1m lives a year. Fewer than one in ten coal-fired power stations scrubs its flue gases of sulphur compounds. Too many laws are weak or poorly enforced. The Pollution Control Board controls nothing. Environmental groups have filed a mass of lawsuits against the government’s inaction, with the result that the Supreme Court plays a larger role in environmental protection than its equivalent does in any other big country—an odd way to set policy.

Mr Modi should start with better information. Some Indian cities have begun to monitor particulates in the air. Others should quickly follow—and make the data public, so that independent groups can hold politicians and polluters to account. Cleaner transport is a priority. The fuel in most of India’s cars and lorries is filthy and sulphurous. In March the Supreme Court will decide whether to raise fuel-efficiency and vehicle-emissions standards. It should do both.

Happily, India has plans to clean up. It ended subsidies on diesel last year, so firms have less reason to run inefficient, polluting generators and vehicles. Next to go should be subsidies on paraffin. The dirtiest power plants must close. States should follow the lead of Gujarat, Maharashtra and Tamil Nadu, which are due to launch the world’s first cap-and-trade schemes for particulates.

India’s leaders need to recognise that the pollution created in the rush to improve people’s lives sets progress back and that emissions can be curbed in ways that do not wreck economic growth. If, for instance, India were to build a reliable electricity grid it would reduce the use of dirty private generators, cut indoor air pollution from cooking fires and boost productivity all at the same time. China waited too long to clean up its act; India should not make the same mistake.

 

[Bussard Ramjet]

I highly doubt it.
China overtakes US as world’s top investment magnet: UN | DailyFT - Be Empowered

That is an aberration. US receives 150-200 bn dollars in FDI every year. Sometimes even more. 2014 was an outlier, not least because of the 130 billion dollar deal by Verizon to buy Vodafone stake in UK. It can be assumed that the FDI will return to its normal levels in 2015.

Also, FDI in China has dropped significantly in manufacturing and infrastructure sectors. Significantly!

 

[bolo]

A majority of American companies operating in China are having trouble recruiting senior executives from abroad due to rising concerns over intense air pollution.
Fifty-three percent of firms are having trouble filling executive roles, according to a survey released Wednesday by Bain & Company and the American Chamber of Commerce in China.

It is the first time a majority of respondents have pinned recruiting troubles on China's smoggy skies. Last year, 48% of companies cited the issue, up from only 34% in 2013.

Some of the world's most polluted cities are located in China, and residents are speaking out in greater numbers about choking air pollution, contaminated food, and water that is unsafe to drink.

American businesses also complained of receiving a chilly welcome in the world's second-largest economy. Forty-seven percent of respondents said they felt less welcome in China than before, and only 10% said they felt more at home. Another 43% said they detected no change.

Protectionism is another worry. Fifty-five percent of respondents said they believe foreign firms were being singled out in recent enforcement campaigns, making many of them less likely to invest in China.

Still, businesses remain upbeat about their short-term plans in the country. Seven out of 10 companies said they were optimistic about the next two years, especially when it comes to service industry growth.

Pollution is driving foreign executives out of China - Feb. 11, 2015

I'm ready to make the jump to executive. Please American companies in China send me an email

 

[Beidou2020]

That is an aberration. US receives 150-200 bn dollars in FDI every year. Sometimes even more. 2014 was an outlier, not least because of the 130 billion dollar deal by Verizon to buy Vodafone stake in UK. It can be assumed that the FDI will return to its normal levels in 2015.

Also, FDI in China has dropped significantly in manufacturing and infrastructure sectors. Significantly!

Coulda, woulda, shoulda.

China was the top destination for FDI in 2014.
End of story!

 

[Hamartia Antidote]

I'm ready to make the jump to executive. Please American companies in China send me an email

You can get a job with them..
WTE in China - Waste Management World

Drive a company truck

 

[bolo]

You can get a job with them..
WTE in China - Waste Management World

Drive a company truck
View attachment 192290

LOl, good one indian.

 

[OTTOMAN]

A majority of American companies operating in China are having trouble recruiting senior executives from abroad due to rising concerns over intense air pollution.
Fifty-three percent of firms are having trouble filling executive roles, according to a survey released Wednesday by Bain & Company and the American Chamber of Commerce in China.

It is the first time a majority of respondents have pinned recruiting troubles on China's smoggy skies. Last year, 48% of companies cited the issue, up from only 34% in 2013.

Some of the world's most polluted cities are located in China, and residents are speaking out in greater numbers about choking air pollution, contaminated food, and water that is unsafe to drink.

American businesses also complained of receiving a chilly welcome in the world's second-largest economy. Forty-seven percent of respondents said they felt less welcome in China than before, and only 10% said they felt more at home. Another 43% said they detected no change.

Protectionism is another worry. Fifty-five percent of respondents said they believe foreign firms were being singled out in recent enforcement campaigns, making many of them less likely to invest in China.

Still, businesses remain upbeat about their short-term plans in the country. Seven out of 10 companies said they were optimistic about the next two years, especially when it comes to service industry growth.

Pollution is driving foreign executives out of China - Feb. 11, 2015

Sounds like a more opportunities for for Chinese executives....

 

[Hamartia Antidote]

LOl, good one indian.

You're welcome Vietnamese.

 

[Aepsilons]

Team USA | Page 49

After reading above start here and work your way down to it Team USA | Page 49

lol

Team USA | Page 49

After reading above start here and work your way down to it Team USA | Page 49

Its hard to move 'away' from the US, honestly. They pay too damn good here. Salary , benefits, great working environment, living , standard of living is great, the community -- above expectation. Its not Japan, but, freedom-wise and qualitative-wise, quite similar.

They also pay great, LOL. Did i mention that?

 

[bobsm]

Also, FDI in China has dropped significantly in manufacturing and infrastructure sectors. Significantly!

Since 2013, with a "new normal" in mind, the Chinese govt has encouraged foreign companies to invest in services, including financial services, tourism, entertainment and health care. The 'new normal" is the transformation of the Chinese economy to a model based on domestic consumption and services.

As China continues to move up the economic ladder, many foreign companies have began coming to China not for the purpose of taking advantage of the cheap labor force for manufacturing, but to take advantage of China’s large and increasingly affluent consumers. FDI in high tech sector has continue increasing, as well. Labor intensive manufacturing sector is moving to SEA ,or perhaps, India.

Hence, you'll begin seeing more of this in the future:

China was the top destination for foreign direct investment (FDI) in 2014, according to a new United Nations report, despite widespread concerns of the nation’s economic slowdown. And the main engine of the economy is no longer manufacturing but the service sector.

"There's an increase of FDI into the services sector, and a slowdown of growth into manufacturing," James Zhan, director of UNCTAD's investment and enterprise division and lead author of the annual report, told Reuters. “Within manufacturing, investment into high tech is growing while labor intensive FDI has been declining.”

Foreign money’s flow into the Chinese service sector grew 7.8 percent and constituted 55.4 percent of the overall FDI, according to the Ministry of Commerce. Meanwhile, foreign investment into capital-intensive industries dropped 12.3 percent last year and made up only 33.4 percent of the total FDI.

Service sector drives China's FDI|Business|chinadaily.com.cn

Infrastruture investment is mainly provided by the Chinese govt, since there are certain restrictions.