SHANGHAI/WASHINGTON : China's embassy in Washington on Tuesday defended its business practices after U.S. Commerce Secretary Gina Raimondo said U.S. firms had told her that China had become"uninvestible."
"China is actively advancing its high-level opening-up and making efforts to provide a world-class, market-oriented business environment governed by a sound legal framework," he said."China will only open its doors even wider to the outside world."Raimondo said Tuesday U.S. companies have complained to her that China has become"uninvestible," pointing to fines, raids and other actions that have made it risky to do business in the world's second-largest economy.
"Increasingly I hear from American business that China is uninvestible because it's become too risky," she said.