US business lobby calls China’s security focus ‘extreme’ in 600-page report
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The American Chamber of Commerce in China has called for clarity in China’s new security laws to assuage investors and bring capital back to the country. The 600-page report lists concerns from member firms and makes recommendations to US and Chinese governments to boost activity and lubricate trade. The report highlights China's 'extreme' emphasis on national security as a drag on business and calls for foreign organizations to compete on a level playing field with domestic firms. The report also calls on the US government to clear up details on its expansive export controls with their Chinese counterparts. The sluggish state of China’s economy and growing tension in China-US relations have contributed to a loss in confidence from overseas capital. Tensions in the bilateral relationship were cited as the top roadblock to business for a fourth consecutive year.
#China #Us #Business #NationalSecurity #Investment