China, India rival US competitiveness: Survey [View All]

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China, India rival US competitiveness: Survey

China and India rival the United States when it comes to business competitiveness, and the Asian countries may soon surpass American rivals in technological innovation, according to a new survey.

More than 300 executives who participated in the study, released Thursday by consulting firm A.T. Kearney, said Chinese companies were nearly as formidable competitors as US firms, particularly in the technology and telecommunications niches.

Approximately 63 percent of US executives surveyed said their competition would come primarily from the United States, while 59 percent said it would come from China, and 45 percent said it would come from India. Nine out of 10 executives polled said the competitive threat posed by Chinese and Indian companies would likely intensify in the next two years.

The executives surveyed were randomly selected members of the Business Performance Management Forum and the Chief Marketing Officer Council, nonprofit organizations that helped produce the report.

Five years of extreme cost-cutting have made many American technology firms downsize research and development departments. American managers have also given foreign competitors a boost by outsourcing important business functions --- from accounting to microchip design --- to workers in low-cost countries, said Donovan Neale-May, executive director of the BPMF.

http://english.people.com.cn/200502/25/eng20050225_174681.html