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
What a blast to work at NASA. Space agency is sky
WASHINGTON (AP) — Exploring the cosmos makes for happy employees, federal workers like to work from2024-05-21Study: Many cancer drugs unproven 5 years after accelerated approval
The U.S. Food and Drug Administration’s accelerated approval program is meant to give patients early2024-05-21Posts misrepresent White House Easter egg contest, Day of Transgender Visibility proclamation
As millions celebrated Easter this weekend, the Biden administration was criticized by many on socia2024-05-21US measles cases are up in 2024. What's driving the increase?
Measles outbreaks in the U.S. and abroad are raising health experts’ concern about the preventable,2024-05-21- Cancer-stricken King Charles will be feeling fresh heartache after a former IRA commander confessed2024-05-21
Posts distort former Virginia governor’s comments on third trimester abortions
CLAIM: A video shows Virginia Governor Ralph Northam during a 2019 radio interview speaking in suppo2024-05-21
atest comment