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.
Fears Rwanda flights will fail if migrants disappear en masse to avoid being deported from the UK
12 students and teacher killed at Columbine to be remembered at 25th anniversary vigil
Laborers and street vendors in Mali find no respite as deadly heat wave surges through West Africa
San Francisco mayor announces the city will receive pandas from China
KC Current owners announce plans for stadium district along the Kansas City riverfront
As Ben Affleck's daughter comes out as 'Fin', why are so many A
Hurricanes overcome yellow cards to beat Fijian Drua 38
House leaders toil to advance Ukraine and Israel aid. But threats to oust speaker grow
Andy Murray back on practice court after confirming no surgery for ankle injury
49ers GM hopes to get Brandon Aiyuk contract extension done sooner rather than later
Brazil's president calls for IMF reform to reflect today's world