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Tuesday, April 28, 2009

US firms in China expect benefits in Beijing stimulus

The Daily Star :

US firms in China expect benefits in Beijing stimulus

Two thirds of American companies operating in China expect to benefit from a huge stimulus package unveiled by Beijing to counter the global crisis, a US business association said Monday.

The figure was one of the findings in a 2009 report on the state of US business released by the American Chamber of Commerce in China.

"Two thirds of US companies in China expect to directly or indirectly benefit from China's four-trillion-yuan (584-billion-dollar) stimulus package," the chamber said in a press release.

The white paper was based on a survey of more than 400 US companies in China, the chamber said.

The chamber called on Beijing to ensure its package would also be open to US business participation, while saying the corresponding US package should do the same for Chinese enterprises.

"It is important that both the Chinese and American stimulus packages are implemented efficiently and openly to maximise their economic impact," it said.



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