Reuters reported that United States Commerce Secretary Gina Raimondo has said U.S. companies have raised concerns that China has become “uninvestible”, pointing to fines, raids and other actions that have made it too risky to do business in the world’s second-largest economy.
Economy
31 August 2023, 4:00 pm 1 minute
Market Impact
Major global firms ranging from banks to chipmakers are taking a largely cautious stance on their China business amid a frail recovery of the country’s economy from a pandemic slowdown.
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Economy & Policy
Regions: Asia
Countries: China
Win Types: Impact (Long Term)
Story Types: Special Report / Insight
Media Types: Text
Customer Impact: Major Global Story
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