Tensions between Beijing, Washington biggest worry for US companies in China
Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday.
The survey of U.S. companies said inconsistent and unclear policies and enforcement, rising labor costs and data security issues were other top concerns. It also said that, despite the insistence of Chinese leaders that Beijing welcomes foreign businesses, many still are hindered from free competition.
“The Chinese government has stated that it encourages foreign direct investment, but many of our members continue to encounter barriers to investment and operations including policies that discriminate against them and public relations campaigns that create suspicion of foreigners,” the report said.
The report welcomed an improvement in relations in 2023 that was capped by summit meetings of Chinese leader Xi Jinping and President Joe Biden, but said the U.S. presidential election in November was “looming large” over the future business environment.
Related articles
Sweden beats France, Britain relegated after losing to Norway at hockey worlds
PRAGUE (AP) — Sweden beat France 3-1 to preserve a perfect record at the ice hockey world championsh2024-05-21Sleeping bags at the ready... MPs and peers dig in for late
MPs and peers are readying sleeping bags and camp beds tonight as they brace for a late-night showdo2024-05-21I left my McDonald's Big Mac out for a year
A TikToker has claimed a Big Mac, which was left on a plate for over a year, gathered no mould - and2024-05-21Trump's $175 million bond in New York civil fraud judgment case is settled with cash promise
NEW YORK (AP) — New York state lawyers and an attorney for former President Donald Trump settled the2024-05-21- Israel’s defense minister said Monday the military would expand its operations in the southern Gaza2024-05-21
Nelly Korda puts bid for 6th straight victory on hold after withdrawing from Los Angeles tourney
LOS ANGELES (AP) — Nelly Korda is putting her bid for a historic sixth straight victory on hold.The2024-05-21
atest comment