Tuesday, September 8, 2009
Europe and China Having Business Troubles
It seems like China and Europe just can not get along when it comes to business. The European Union is currently claiming that the Chinese are attempting to keep them out of China. Supposedly, Chinese business discriminates against foreign companies, enforces arbitrary laws and regulations, and abuses the nation's World Trade Organization obligations. Although China too has complained about European and American protectionist policies, America does not appear to have as much issue doing business in China as Europe. The EU has come up with a list with about 500 ways China could make business easier for them. We'll have to wait and see what China's response is, but I don't think they're going to change. China has always been very protective and they realize that the European economy needs them despite the EU's claims otherwise.