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.
Ben Whishaw lights up the Croisette as he joins his co
Brazilians wait on their roofs to be rescued by the military as death toll rises to 57 in record
Floods in southern Brazil kill at least 60, with 101 people missing
Migraine drug could be offered to facial flush sufferers after success in trial
Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
Bayern Munich left back Raphaël Guerreiro ruled out against Real Madrid with ankle injury
Rays starter Ryan Pepiot departs with leg bruise after getting hit by 107.5 mph line drive
Dodgers place closer Evan Phillips on injured list with hamstring strain and activate Blake Treinen
Verona confirms Serie A status for another year after beating Salernitana
Kentucky Derby: What it's like at Churchill Downs for 150th Run for the Roses
Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
Togo’s ruling party wins a majority in parliament, likely keeping a dynasty in power