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Commerce secretary says US firms complain China is ‘uninvestable’

Posted on AllSides August 29th, 2023
From The Center
Politics, Business, China, Gina Raimondo, Commerce Department
Andy Wong | Pool | via Reuters

U.S. Commerce Secretary Gina Raimondo said U.S. companies have complained to her that China has become “uninvestable,” pointing to fines, raids and other actions against firms that have made it too risky to do business in the world’s second-largest economy.

The comments, made to reporters onboard a train as her delegation of U.S. officials headed from Beijing to Shanghai, provided a bleak picture of how U.S. firms view China and were the bluntest Raimondo has made on her trip.

“Increasingly I hear from American business that China is uninvestable because...

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