Western
businesses face a multitude of hurdles if they want to invest in China.
But spare a though for the poor Chinese businesses trying to invest
abroad.
According to a survey commissioned by the Ministry of Commerce Research Institute, nearly half of the Chinese businesses surveyed wished the government would help them with financing challenges, which they see as the biggest problem to making overseas acquisitions or foreign expansion.
Almost 19% wanted the government to lift some of the limitations facing Chinese enterprises securing funds and doing business overseas, while 14% wanted to be able to get loans from the branch offices of Chinese banks that set up in other countries. An optimistic 12% hope the government would make the Renminbi a freely convertible currency -- wishful thinking that last one.
The government recently eased restrictions on how much foreign currency Chinese businesses can buy to fund overseas acqusitions or expansion.
