The Americas region, covering more than one-quarter of the globe’s landmas...
2021-03-22 3 ENGLISH REPORTS
Tensions between the US and China together with international travel disruptions due to COVID-19 are making it increasingly difficult to hire and retain foreign talent (such restrictions are also having a certain impact on the ability of both sides to better understand one another). Pandemic-influenced hiring trends will likely hold for at least a portion of 2021, pushing firms to prioritize hiring domestic talent. Companies are also more broadly adopting “work from home” policies, with more than half of respondents considering implementing “work from home” options for the long-term. In addition to adopting creative strategies to cope with the pandemic, businesses are also proactively transforming their operations through new technologies, offering digital-oriented products and services, and automating work processes to save costs.
Such trends are likely to continue throughout 2021 and beyond the pandemic. Implications for policymakers Throughout the survey, respondents identified a variety of steps that can be taken by both the US and Chinese governments to stabilize the bilateral relationship and improve the business environment for foreign companies in China. With respect to the Chinese government, “ensuring a level playing field” and “further opening the market to foreign investment with clear timelines” are the top actions members would like the Chinese government to take, followed by refraining from “aggressive rhetoric and tit-for-tat actions.” (Chart 10) Additionally, members continue to say that improvements to the regulatory environment, greater IP protections, and limitations to industrial policy would encourage higher levels of investment.
标签： ENGLISH REPORTS