China still attractive: Survey

Despite fears that competitors may steal business secrets, executives still see China as an opportunity, according to a new survey. Management consultancy Hay Group, which interviewed top executives in Europe, North America and Asia Pacific, found that 83% of business chiefs wanted to cash in on China's growing demand. Most of them were either already operating in China or planned to enter the market within the next five years. Although determined to take advantage of opportunities in the country, executives had concerns over poor intellectual property protection, corruption, bureaucracy and an opaque legal system. Unfair treatment of foreign firms was a big obstacle for almost a quarter of business leaders surveyed, the Financial Times reported.