“Fewer MNCs Relocate”
An article in the February 20, 2009 issue of China Daily revealed key findings from a survey by the American Chamber of Commerce in Shanghai and Booz & Company in which executives of multinational manufacturing companies operating in China said they remain fairly optimistic about China’s efforts to position itself as a world-class manufacturing center. The survey found that despite the economic downturn, only 10 percent of the executives of the 108 multinational companies (MNCs) polled expressed interest in relocating their manufacturing facilities. Nearly half of the MNC manufacturers said they suffered a fourth-quarter export decline of more than 10 percent year-on-year, but most still expressed a commitment to remain in China and expand operations. News of the survey drew headlines with media outlets that included Reuters News and The Associated Press.