For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder.
Geopolitical tensions have meant a far less friendly atmosphere for mainland Chinese companies wanting to operate or gain funding in the United States, the entrepreneurs and consultants say.
China's foreign ministry said in a statement that some Western countries want to "politicize technology, putting up obstacles to regular technology and trade cooperation, which benefits neither side, and adversely affects global technological advancement and economic growth."But even if expanding into the United States has become that much harder, it is still the end goal for most of the entrepreneurs Reuters spoke to.
He said that while it was not impossible to do business from China, distrust between Washington and Beijing had become such that "it's easier for my employees, for my shareholders, if I'm out." Companies that have visibly de-emphasised their Chinese identity include online fast-fashion retailer
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China launches Shenzhou-16 mission to Chinese space station - state mediaChina on Tuesday sent three astronauts to its now fully operational space station as part of crew rotation, according to state media, in the fifth manned mission to the Chinese space outpost since 2021.
Read more »
China Insight: How a New Generation of Chinese Designers Is Driving SustainabilityA new generation of Chinese designers is currently redefining the “sustainable power behind fashion.'
Read more »
China launches Shenzhou-16 mission to Chinese space station – state mediaThe spacecraft, Shenzhou-16, or “Divine Vessel”, and its three passengers lifted off atop a Long March-2F rocket from the Jiuquan Satellite Launch Centre in the Gobi Desert in northwest…
Read more »
Elon Musk meets Chinese FM, discusses business expansion in ChinaChina is the world's biggest electric vehicle market, and Tesla announced in April it would build a second massive factory in Shanghai.
Read more »
Elon Musk Meets Chinese FM, Reaffirms Tesla's Commitment To ChinaTesla's CEO reportedly also seeks to meet China's Premier Li Qiang to discuss automated-driving technology the US EV maker is seeking to introduce in China.
Read more »