Tag: China becoming uninvestible

Commerce secretary Gina Raimondo said US companies tell her that China is becoming increasingly “uninvestible” because of growing risks to doing business in the world’s second-biggest economy.Raimondo, on a visit to China this week, said that US firms face new challenges such as fines and ambiguity around a new anti-espionage law, as well as continuing issues including intellectual-property theft and competition with subsidized Chinese firms.“Increasingly I hear from businesses, China is uninvestible because it’s become too risky,” Raimondo told reporters while traveling from Beijing to Shanghai on a...