China and the foreign investment crisis
The trade and political battle between China and the US and its allies has had a significant impact on financial interactions and investments in this country. Previously, we have talked about the inappropriate situation of foreign companies in China and serious measures to reduce activities in China by some major companies such as IBM and Microsoft.
Recent news in this regard tells of increasing dissatisfaction and concern among business and finance players in China. The American Chamber of Commerce in Shanghai, in its latest report, has received feedback and opinions from its member companies, where only 66% of the member companies, which are key players in foreign trade in China, have recorded profitability in their activities in China.
China and the major foreign investment crisis, a member of this organization, is dissatisfied with the economic fluctuations in China and the political pressures of the ruling party on foreign companies. This dissatisfaction is also reflected in the recent report of the US-China Business Council.
It should be noted that the above-mentioned level of profitability in China is the lowest in the history of reports by the American Chamber of Commerce in Shanghai.
Amid various economic and social crises in China, a simple and fundamental point alone indicates an unfavorable situation. China is facing a population aging crisis and a decline in the workforce, needing foreign capital and labor.
This shortage is to the extent that China has officially announced an increase in the retirement age. The retirement age for men will increase from 60 to 63 years and for women from 50 to 55 years, reaching 58 years for women employed in easy jobs, so-called white-collar jobs.
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