国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

'Yes' in Scotland could mean 'maybe' for Chinese companies

By Cecily Liu in London | China Daily | Updated: 2014-09-18 08:34

Uncertainty about the future could deter some investment, experts say

As Scotland votes on Thursday on the question of independence, the whole world is watching - and that includes China.

Independence could mean uncertainty for Chinese companies, so they might invest less in the United Kingdom generally in the short term, experts said.

Premier Li Keqiang was asked about the referendum during a visit in June. Li said he wanted a "strong, prosperous and united United Kingdom".

That message was echoed by Vice-Finance Minister Zhu Guangyao, who said stability was vital for foreign investors. Zhu commented after a UK-China investment meeting in London earlier this month.

According to advisory firm CrossBorder Capital, investors have pulled money out of the UK at the fastest pace since the financial crisis of 2008 amid fears that Scots will say "yes" to independence and trigger a broader political crisis.

Net flows out of the UK hit $27.3 billion in August, the highest since Lehman Brothers Holdings Inc collapsed.

The UK is the most popular European destination for Chinese investment, which has created or preserved more than 6,000 jobs in the UK, said a UK government report.

"The uncertainties around Scottish independence could cause Chinese companies in the UK to withhold further investment as they wait and see the outcome," said Christopher Bovis, a professor of international and European business law at Hull University Business School.

An independent Scotland could also see an outflow or reduction of Chinese investment, because a newly independent Scotland will have new laws and regulations, tax rules, a new currency and uncertain European Union membership, which all affect business decisions.

"It is therefore possible that Chinese businesses will reconsider their investments in Scotland until such certainty is provided," said Hinrich Voss, a lecturer in international business at the University of Leeds.

"If British companies with greater familiarity of the local business environment relocate away from Scotland, then this could be understood as a sign for Chinese investors to follow suit in order to contain their risk exposure," Voss said.

Lloyds Banking Group, which owns Bank of Scotland Plc, said earlier this month that it is likely to move its registered office from Scotland to London if "yes" wins.

Robert Lyddon, a banking expert and author of The Lyddon Report into the Fiscal Implications of Scottish Independence, said independence will reduce Chinese investment in Scotland.

Chinese companies that invest in Scotland do so because they see it as a springboard to access either the UK market or the European market, he said.

However, independence would change how Scotland is perceived in the eyes of Chinese investors.

Joseph Deng, director of the wind turbine manufacturer Shanghai Ghrepower Green Energy Co Ltd's UK subsidiary, said that Scottish independence would harm Chinese businesses in Scotland, such as his own, because they will no longer be able to receive subsidies from the UK government.

Several other businesses and associations that China Daily contacted declined to comment, including the Chinese telecommunications giant Huawei Technologies Co Ltd, which is believed to have expansion plans for Scotland.

Dylan Sutherland, a lecturer in management at Durham University, said that despite the short-term damage to Chinese investment in Scotland in the event of Scottish independence, in the long term Scotland may offer Chinese companies more business-friendly treatment.

A former British policy adviser, speaking on condition of anonymity, said: "They will suffer an initial hit, but I'm not sure that (foreign direct investment) will be hit much in the long term. As long as Scotland honors the portion of debts it owes as a former member of the UK, this should negate any fears of instability,"

Carolynn Look contributed to this story.

cecily.liu@chinadaily.com.cn

 

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
高雄市| 建水县| 彭山县| 河东区| 铜鼓县| 韶山市| 仙居县| 句容市| 常熟市| 北票市| 太保市| 犍为县| 巴东县| 田东县| 金坛市| 延吉市| 金坛市| 山东| 洞口县| 临颍县| 余姚市| 锡林郭勒盟| 土默特右旗| 宁晋县| 宁津县| 许昌市| 中西区| 永顺县| 武邑县| 洞口县| 天气| 红安县| 新营市| 呼和浩特市| 永寿县| 涟源市| 宁海县| 普宁市| 宜黄县| 万州区| 青河县|