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Tapping the Potential of China-U.S. investment (4)

(Beijing Review)

09:08, August 31, 2012

Removing obstacles

Charlene Barshefsky, senior international partner at WilmerHale in Washington, D.C. and former U.S. trade representative, said that governments and companies of both sides sometimes shoot themselves in the foot.

China needs to resolve problems like capital controls, a slow approval process and occasional lack of financing to the private sector. The United States should solve problems like suspicion of Chinese state-owned enterprises and misunderstanding of Chinese investors' intentions, said Barshefsky.

Companies also create problems for themselves, she said. U.S. companies that come to China are surprised by a lack of transparency or a complicated nature of dealing with government approvals. Chinese companies that come to the United States are surprised by a highly legalistic environment and a requirement for business transparency.

【1】 【2】 【3】 【4】 【5】 【6】 【7】 【8】



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