Tag: American Chamber of Commerce in the People’s Republic of China

Janet Yellen Criticizes China’s Treatment of U.S. Companies

Media Library

Treasury Secretary Janet L. Yellen on Friday criticized the Chinese government’s harsh treatment of companies with foreign ties and its recent decision to impose export controls on certain critical minerals, suggesting that such actions justify the Biden administration’s efforts to make U.S. manufacturers less reliant on China. Ms. Yellen delivered the forceful defense of American industry on her first day of meetings in Beijing during a high-stakes trip to ease tension between the United States and China. Her comments, to a group of executives from American businesses operating in China,…

Even as China Reopens, Security Visits Spook Foreign Businesses

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With China’s pandemic restrictions dismantled and its leaders wooing executives flying into the country again, this was supposed to be a springtime of renewed investor confidence in the world’s second-biggest economy. But a drumbeat of government security measures, including a broadening of counterespionage laws, and unannounced visits by investigators to the Chinese offices of several foreign firms have sent a shiver of worry that under Xi Jinping, economic pragmatism could again give way to a heightened focus on state control. International consulting and advisory firms are among those that have…

Companies Stay In China Despite Political Risks and Travel Limits

Chin@Strategy

BEIJING — American companies are increasingly worried about coronavirus restrictions, regulatory issues and trade tensions with China, but have been cautious so far about moving production elsewhere, new figures show. American companies in China are as worried now about relations between the United States and China as they were when President Donald J. Trump’s trade war peaked in 2019, according to an annual survey released on Tuesday by the American Chamber of Commerce in China. A brief “Biden bump” in sentiment, when relations seemed as if they might improve after…