China talent top worry for US firms
<p><span word="Download">Download</span></p><p><span word="A">A</span> <span word="shortage">shortage</span> <span word="of">of</span> <span word="qualified">qualified</span> <span word="managers">managers</span> <span word="is">is</span> <span word="the">the</span> <span word="fastest">fastest</span>-<span word="growing">growing</span> <span word="area">area</span> <span word="of">of</span> <span word="risk">risk</span> <span word="confronting">confronting</span> <span word="US">US</span> <span word="companies">companies</span>' <span word="Chinese">Chinese</span> <span word="operations">operations</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="survey">survey</span>.</p><p><span word="The">The</span> <span word="concern">concern</span> <span word="has">has</span> <span word="arisen">arisen</span> <span word="even">even</span> <span word="though">though</span> <span word="many">many</span> <span word="of">of</span> <span word="the">the</span> <span word="companies">companies</span> <span word="say">say</span> <span word="they">they</span> <span word="have">have</span> <span word="been">been</span> <span word="doing">doing</span> <span word="profitable">profitable</span> <span word="business">business</span> <span word="in">in</span> <span word="China">China</span>.</p><p><span word="One">One</span> <span word="of">of</span> <span word="the">the</span> <span word="largest">largest</span> <span word="factors">factors</span> <span word="in">in</span> <span word="the">the</span> <span word="managerial">managerial</span> <span word="shortage">shortage</span> <span word="is">is</span> <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="air">air</span> <span word="pollution">pollution</span>.</p><p><span word="The">The</span> <span word="latest">latest</span> <span word="survey">survey</span> <span word="by">by</span> <span word="the">the</span> <span word="American">American</span> <span word="Chamber">Chamber</span> <span word="of">of</span> <span word="Commerce">Commerce</span> <span word="in">in</span> <span word="China">China</span>, <span word="released">released</span> <span word="on">on</span> <span word="Wednesday">Wednesday</span>, <span word="shows">shows</span> <span word="that">that</span> <span word="the">the</span> <span word="proportion">proportion</span> <span word="of">of</span> <span word="companies">companies</span> <span word="reporting">reporting</span> <span word="that">that</span> <span word="air">air</span> <span word="quality">quality</span> <span word="is">is</span> <span word="an">an</span> <span word="obstacle">obstacle</span> <span word="to">to</span> <span word="recruiting">recruiting</span> <span word="and">and</span> <span word="retaining">retaining</span> <span word="senior">senior</span> <span word="executives">executives</span> <span word="rose">rose</span> <span word="to">to</span> <span word="nearly">nearly</span> <span word="half">half</span>.</p><p><span word="In">In</span> <span word="its">its</span> 2017 <span word="Business">Business</span> <span word="Climate">Climate</span> <span word="Survey">Survey</span>, <span word="conducted">conducted</span> <span word="by">by</span> <span word="AmCham">AmCham</span> <span word="China">China</span> <span word="with">with</span> 365 <span word="of">of</span> <span word="its">its</span> <span word="members">members</span> <span word="in">in</span> <span word="November">November</span> <span word="and">and</span> <span word="December">December</span>, 36 <span word="percent">percent</span> <span word="of">of</span> <span word="the">the</span> <span word="respondents">respondents</span>, <span word="compared">compared</span> <span word="with">with</span> 30 <span word="percent">percent</span> <span word="last">last</span> <span word="year">year</span>, <span word="viewed">viewed</span> <span word="the">the</span> <span word="shortage">shortage</span> <span word="of">of</span> <span word="qualified">qualified</span> <span word="managers">managers</span> <span word="as">as</span> <span word="a">a</span> <span word="risk">risk</span> <span word="to">to</span> <span word="their">their</span> <span word="Chinese">Chinese</span> <span word="operations">operations</span>.</p><p><span word="The">The</span> <span word="lack">lack</span> <span word="of">of</span> <span word="talent">talent</span> <span word="represented">represented</span> <span word="the">the</span> <span word="most">most</span> <span word="significant">significant</span> <span word="rise">rise</span> <span word="among">among</span> <span word="all">all</span> <span word="the">the</span> <span word="risk">risk</span> <span word="factors">factors</span> <span word="in">in</span> <span word="the">the</span> <span word="survey">survey</span>.</p><p><span word="Forty">Forty</span>-<span word="eight">eight</span> <span word="percent">percent</span> <span word="of">of</span> <span word="the">the</span> <span word="companies">companies</span> <span word="in">in</span> <span word="this">this</span> <span word="year">year</span>'<span word="s">s</span> <span word="survey">survey</span>, <span word="compared">compared</span> <span word="with">with</span> 34 <span word="percent">percent</span> <span word="last">last</span> <span word="year">year</span>, <span word="said">said</span> <span word="that">that</span> <span word="poor">poor</span> <span word="air">air</span> <span word="quality">quality</span> <span word="is">is</span> <span word="an">an</span> <span word="obstacle">obstacle</span> <span word="to">to</span> <span word="recruiting">recruiting</span> <span word="and">and</span> <span word="retaining">retaining</span> <span word="senior">senior</span> <span word="executives">executives</span>.</p><p>"<span word="The">The</span> <span word="air">air</span> <span word="quality">quality</span> <span word="concerns">concerns</span> <span word="may">may</span> <span word="be">be</span> <span word="an">an</span> <span word="increasingly">increasingly</span> <span word="important">important</span> <span word="factor">factor</span>," <span word="the">the</span> <span word="report">report</span> <span word="said">said</span>.</p><p><span word="For">For</span> <span word="the">the</span> <span word="second">second</span> <span word="consecutive">consecutive</span> <span word="year">year</span>, <span word="respondents">respondents</span> <span word="ranked">ranked</span> <span word="increasing">increasing</span> <span word="labor">labor</span> <span word="costs">costs</span> <span word="as">as</span> <span word="the">the</span> <span word="top">top</span> <span word="business">business</span> <span word="challenge">challenge</span>, <span word="followed">followed</span> <span word="by">by</span> <span word="inconsistent">inconsistent</span> <span word="regulatory">regulatory</span> <span word="interpretation">interpretation</span> <span word="and">and</span> <span word="unclear">unclear</span> <span word="laws">laws</span>, <span word="and">and</span> <span word="shortages">shortages</span> <span word="of">of</span> <span word="qualified">qualified</span> <span word="employees">employees</span>.</p>
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