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.
Stalker bodybuilder, 32, is branded a monster by his girlfriend after he smashed up her house
China's Yutong electric buses debut in Malta
China's new factory data evidence of good momentum in its economy: FM spokesperson
As Blinken heads to China, these are the major divides he will try to bridge
Xi Replies to Letter from Representatives of Kenyan Students, Alumni at Beijing Jiaotong University
Three key takeaways from whirlwind China visits by global business executives
Hybrid rice aids global food security
New Hampshire getting $20M grant to help reconstruct coastal seawalls
Firm career path enables Kenyan man to find feet in society