Analyst Points out China's Business Double StandardFor more news visit ? http://english.ntdtv.com Follow us on Twitter ? http://twitter.com/NTDTelevision Add us on Facebook ?http://me.lt/9P8MUn Analysts are pointing out a recent oil spill in northeast China is showing how the communist regime uses double standards for foreign and domestic companies. Those double standards are apparently a source of frustration for foreign companies. Here's more. Chinese authorities shut down all operations of an oilrig operated by U.S. energy giant ConocoPhillips China last month in the Bohai Bay. Conoco said as much as 3,200 barrels of oil and mud spilled into the sea, and Chinese authorities said more than 2,000 square miles of water was polluted. According to one analyst, the Chinese regime's response has been inconsistent with how it handles similar accidents. [Duncan Innes-Ker, Senior Editor, Economist Intelligence Unit]: "The nature of these incidents is that there is no predictability in the government's response. Certainly the way the government has responded in this case is very different from, for example, the series of fires that there had been in the CNPC, the oil refining facility in Dalian." The Chinese regime responded differently to those fires that damaged a domestic oil company. On July 16, a fire in a heat exchanger forced a 200,000 barrel-per-day crude unit to be shut down. Then another fire broke out last month, consuming a diesel tank with about 800 tons of fuel. The head of the Dalian refinery company was fired only after the second fire. [Duncan Innes-Ker, Senior Editor, Economist Intelligence Unit]: "I don't think, really, there will be any changes. Foreign companies in China are well aware of the sensitivities of the market they operate in. We see a number of companies not just in the energy sectors in this instance, but also in food retailing, like McDonald's and KFC, receiving criticism because it's perceived that the standards that they operate in China are lower than they operate in other countries. Now that is not necessarily the case, but when something happens, the Chinese public expects a higher standard from foreign companies." Innes-Ker said foreign firms in China, including ConocoPhillips, Unilever and Yum Brands, face tougher scrutiny by the Chinese public and state media. code pour embarquer la vidéo : >>> http://www.youtube.com/embed/8YhQrL2ZSFc <<< |