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Recent reports from three lobbies for foreign businesses, the American Chamber of Commerce in Shanghai, the European Chamber of Commerce in China and the US-China Business Council, bear out this gloomy view.
ECONOMIST: Selling foreign goods in China
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David Wang, a former country head for General Electric and Boeing, said Williams, who served as American Chamber of Commerce president in China, was an entrepreneur of integrity and honesty.
FORBES: Cat Scammed: How A U.S. Company Blew Half A Billion Dollars In China
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Mr. Hudec was particularly fond of his work on a building commissioned by the American Club in China that housed offices for the American Chamber of Commerce and space for the LaSalle Extension University.
WSJ: Architect László Ede Hudec Designed Shanghai's Art Deco Landmarks
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According to the European Union Chamber of Commerce in China, the weight of these industries in China's economy almost tripled between 2003 and 2008.
ECONOMIST: China��s new five-year plan is at odds with itself
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Labor costs are rising so much, that the multinationals that moved there rank wages and benefits one of their biggest concerns for 2012, according to the American Chamber of Commerce in China.
FORBES: Where China's New Rich Are Putting Their Money