Interesting though admittedly somewhat unscientific poll up on the Capital Record blog (a consistently thoughtful blog which I just added to our blogroll), in its post, “Poll portends positive for China PR.” The post is on a poll conducted on the blog finding that 75% of 56 respondents see a positive year ahead for PR in China:

Sure, it’s not a statistically valid sample size, but we assume all those who took part in the survey are China PRO’s – that is China-based public relations officers. In this sense our poll has quality over quantity. We are confident that those who responded were “in the know” on next year’s PR budgets. We cannot guarantee this but the consistency of the responses throughout the poll suggests the respondents were credible.
Since we started the poll we have had near consistent ratings of 70 to 75% of respondents anticipating no impact on local PR budgets in 2009 from the crisis. At the time of closing the poll 75% said they expected no impact while 18% expected some reduced funding for projects. Importantly, only 7% of voters anticipated projects being placed on hold and/or the possibility of staff cuts in 2009.
That bears out much of what we have been picking up anecdotally from others in the industry. While there is some concern about what might happen into 2009, the overall sense is that projects are continuing and China PR budgets are not being impacted. Indeed, from the perspective of AC Capital, we are currently experiencing our busiest fourth quarter since opening shop five years ago. That certainly portends well as we end a tumultuous year.

I mention this poll because it reinforces what my law firm has been seeing when it comes to China: no slowdown in the service sector. What are you seeing?

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Dan Harris

I am a founder of Harris Bricken, an international law firm with lawyers in Los Angeles, Portland, San Francisco, Seattle, China and Spain.

I mostly represent companies doing business in emerging market countries. It has taken me many years to build my network and it takes constant communication and travel to maintain it. My work has been as varied as securing the release of two improperly held helicopters in Papua New Guinea, setting up a legal framework to move slag from Canada to Poland’s interior, overseeing hundreds of litigation and arbitration matters in Korea, helping someone avoid terrorism charges in Japan, and seizing fish product in China to collect on a debt.

I was named as one of only three Washington State Amazing Lawyers in International Law, I am AV rated by Martindale-Hubbell Law Directory (its highest rating), I am rated 10.0 by AVVO.com (its highest rating), and I am a SuperLawyer.

I am a frequent writer and public speaker on doing business in Asia and I constantly travel between the United States and Asia. I most commonly speak on China law issues and I am the lead writer of the award winning China Law Blog (www.chinalawblog.com). Forbes Magazine, Fortune Magazine, the Wall Street Journal, Investors Business Daily, Business Week, The National Law Journal, The Washington Post, The ABA Journal, The Economist, Newsweek, NPR, The New York Times and Inside Counsel have all interviewed me regarding various aspects of my international law practice.

I am licensed in Washington, Illinois, and Alaska.

In tandem with the international law team at my firm, I focus on setting up/registering companies overseas (via WFOEs, Rep Offices or Joint Ventures), drafting international contracts (NDAs, OEM Agreements, licensing, distribution, etc.), protecting IP (trademarks, trade secrets, copyrights and patents), and overseeing M&A transactions.

  • anonymous
  • NT

    Surely it’s too early to tell?
    My gut feeling is that these numbers are optimistic. I suspect the slowdown in China is still mainly confined to the export and construction sectors, to which the PR industry has relatively little exposure. That could change quickly.

  • J Y

    The effect I have seen is only from my company’s point of view. We are an American company that has a factory in China as well as America. They have been cutting back on the expensive things like foreign engineers and consultants in China. The idea of nationalizing has come into play. As far as production, I have not seen any effect yet, but my suppliers love using the “economic crisis” for payment terms. “唉呀, 经济危机“ (Jingji Weiji). Payment terms have been becoming rather tight and people are looking to collect past balances using this excuse above. It seems the Economic Crisis is becoming a catch-all phrase to explain any hardships that come past. Yet, my suppliers still keep cranking stuff out without any difficulty.