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.
Russia convicts the spokesperson for Facebook owner Meta in a swift trial in absentia
NPC Deputy from Hunan Province Dedicated to Improving People's Livelihood at Grassroots Level
Thriving Home Services Empower Women
Women Textile Workers in NW China's Xinjiang Refute the Fallacy of 'Forced Labor'
Missouri lawmakers again try to kick Planned Parenthood off Medicaid
Pic Story: Girl from Taiwan Helps Her Mother in Agricultural Company in Fujian, China
Developing Smart Agriculture, Helping Farmers Increase Incomes
CBA: Liaoning clinch best regular season record
Trump's $175 million bond in New York civil fraud judgment case is settled with cash promise
Developing Smart Agriculture, Helping Farmers Increase Incomes
Storm relief and funding for programs related to Maine's deadliest
Chinese paddlers shine at WTT Champions Incheon