Commerce chief says US firms complain China is 'uninvestible'

U.S. Commerce Secretary Gina Raimondo has stated that American companies are viewing China as "uninvestible" due to fines, raids, and other risky actions taken by the Chinese government, presenting a bleak picture of American firms' perception of doing business in China.

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8/22/2023

US commerce secretary will visit China next week at a critical moment for the world's top two economies

US Commerce Secretary Gina Raimondo will visit China at a critical time as China's economy faces challenges that could potentially spread beyond its borders and impact the US relationship with the country, including falling consumer prices, a real estate crisis, slumping exports, and youth unemployment, while China continues its crackdown on foreign companies and a battle over crucial technologies escalates.

8/26/2023

US’ restrictions on tech exports in focus during Raimondo’s high-stakes visit to China

US Secretary of Commerce Gina Raimondo's visit to China will test the sincerity of the US in pursuing dialogue, particularly regarding the country's restrictions on tech exports, according to Chinese experts. Both sides remain committed to dialogue despite strained bilateral relations, but the US must demonstrate actual efforts rather than just rhetoric to improve economic and trade relations.

8/28/2023

US, China agree to discuss export controls as commerce secretary visits to warm up chilly ties

Commerce Secretary Gina Raimondo and her Chinese counterpart have agreed to exchange information on U.S. export controls and establish a working group to discuss trade and investment issues, but no progress has been made on disputes over technology, security, human rights, and tariffs.

8/29/2023

US commerce secretary rejects Chinese appeal to ease export controls

U.S. Commerce Secretary Gina Raimondo rejected China's appeal to reduce U.S. export controls on technology with potential military applications but agreed to have experts meet to discuss disputes over protecting trade secrets, as efforts continue to restore strained relations between the two countries.

8/30/2023

China says easing market access in response to 'uninvestible' comment from US

China has defended its business practices and claimed that most U.S. firms want to stay and that Beijing is working to ease market access for foreign companies, in response to concerns from American businesses and global investors about the difficulties and risks of doing business in China.

8/30/2023

'Uninvestable' not a term to describe China, says EU Chamber of Commerce

The European Union Chamber of Commerce in China has stated that it would not use the term "uninvestable" to describe China, although it acknowledges that China is "under-invested" and that concerns about the business environment need to be addressed.

8/29/2023

US companies are finding China increasingly 'uninvestible', commerce secretary Gina Raimondo says

US companies are becoming increasingly hesitant to invest in China due to concerns over new anti-spying laws, competition from state-funded firms, and the country's economic challenges such as deflation and a property crisis.

9/6/2023

China’s Top Chipmaker Appears to Have Violated Sanctions, US Congressman Says

China's top chipmaker, Semiconductor Manufacturing International Corp., is under investigation for potentially violating US sanctions by supplying components to Huawei Technologies Co., according to a US lawmaker.

9/7/2023

Kelly Evans: Why China is turning into a liability for American companies

China's economic challenges and failed rebound post-Covid are causing U.S. investors and businesses to view Chinese exposure as a liability, leading to underperformance in companies with high China exposure and potential bans on foreign devices, signaling a potential decline in China's economic growth.