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US seeking more 'predictable' business environment in China: Raimondo

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The United States wants to work with China to ensure a more 'predictable' environment for American businesses in Shanghai, Commerce Secretary Gina Raimondo told officials in the economic hub on Wednesday.

environment, predictable regulatory environment, and a level playing field for American businesses here in Shanghai".

Those fears have been compounded this year by a broad crackdown on US consulting firms operating in China.A new anti-espionage law, which came into force on July 1, has also spooked foreign and domestic firms as they try to decipher authorities' intentions and, crucially, pinpoint what is off-limits.

She also emphasised the"importance of strengthening the protection of trade secrets for US businesses operating in China".

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