US firms in China frustrated, business lobby says

firms in China remain frustrated and are growing more pessimistic about their prospects in the country, a top business lobby says, while a trade war between Washington and Beijing continues to fester.

Many US firms supported the Trump administration’s tariffs on $250bn worth of Chinese goods to get Beijing to the negotiating table, chamber officials noted. Still, US firms complain of long-running problems shared by most foreign companies — market access, intellectual property protection, inconsistent regulatory policies, unequal treatment compared with Chinese firms, among other complaints.

While US President Donald Trump has focused his ire on China’s trade surplus with the US, which hit a record $419.2bn in 2018, it is not a major concern for the chamber.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

IMF, World Bank urge caution with China loans - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The rising influence of lending by China to developing nations is increasingly under the spotlight amid concerns the growing debt burden and onerous conditions could sow the seeds of a crisis. Vampires are scared their bottom line is affected. gtitus_titus
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »