The U.S. business community in China called for the U.S. government to carry out a review and revision of "antiquated export control regulations" in Beijing on Monday.
"U.S. export control policies do not adequately incorporate the realities of this global environment," said the 2009 White Paper on the State of American Business released by the American Chamber of Commerce in China (AmCham-China) the same day.
The paper said, "rigorous licensing procedures and the long list of controlled technologies concerning China have greatly increased the costs of doing business in China for U.S. companies.
"They have also created the impression that China presents too many business risks and uncertainties, causing some U.S. firms to shy away from exporting commercial items and technology to legitimate, civilian end users in China," it said.
"This unnecessarily hurts the American economy at a time when companies should be aggressively targeting the Chinese market."
According to the AmCham-China, two thirds of the U.S. enterprises in China expect to directly or indirectly benefit from the country's four trillion RMB (584 billion U.S. dollars) stimulus package.
"China remains a top investment priority of American businesses," said the paper.
It proposed several suggestions for the U.S. government. For example, it should base China export control policy on up-to-date information considering commercial realities like domestic capabilities and availability from foreign non-U.S. sources.
The paper pointed out that the current global economic crisis underscored the importance of the Sino-U.S. relationship. At this key moment that would determine the future direction of bilateral economic relations, both countries should prevent trade protectionism.
The paper said, China and the U.S. had each initiated massive stimulus packages. "It is critical that spending decisions related to the stimuli are made with economic and social, not political, rationales in mind."
It also said measures which excluded each other's companies from competing for stimulus funds would slow both economies.
On the Chinese side, the stimulus plan was heavily weighted toward roads, railways, airports, environmental conservation and rural infrastructure construction.
"Open and fair bidding processes should apply to all public and private projects, meaning transparency is critical at the local level," said the paper.
(Xinhua News Agency April 27, 2009)
