'U.S.-China relations rank as the top challenge for U.S. companies doing business in China,' the U.S.-China Business Council said.
This complicated landscape has made it harder for businesses to navigate successfully within both countries, according to the US-China Business Council.
American companies have set up more than 70,000 businesses in China. At the same time, nearly 3,000 Chinese companies have come to the United States, according to Xu Xueyuan, deputy chief of mission and minister of the Chinese embassy in Washington. And while China has been a booming place for international trade during the last four decades, its economic growth has also started to lag behind expectations, largely due to the government's restrictive Covid-19 policies.
A survey from the American Chamber of Commerce in the People's Republic of China conducted in May revealed that American business leaders identified China's two-week mandatory quarantine , its restrictions on international travel, and the trouble companies are having complying with new regulations as the most significant problems affecting their businesses.
"In a complex, changing, and increasingly contested environment, the business operations and investments of Chinese companies in the U.S. outlined a mixed picture of slightly recovered performances and mounting uncertainties bred by the tumultuous circumstances throughout 2021," the China General Chamber of Commerce wrote in a statement on June 30.
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.
Nancy Pelosi expected to visit Taiwan, escalating tensions with ChinaIt was unclear where Pelosi was headed, but local media in Taiwan reported that she will arrive Tuesday night, becoming the highest-ranking elected U.S. official to visit in more than 25 years.
Read more »
Pelosi believed headed to Taiwan, raising tension with ChinaU.S. House Speaker Nancy Pelosi has left Malaysia and is expected to visit Taiwan, escalating tensions with Beijing, which claims the self-ruled island as its own territory
Read more »
Pelosi continues Asia tour in Malaysia as China warns against Taiwan visitChina considers Taiwan its territory and has indicated through repeated warnings that it would view a visit to the island by House Speaker Nancy Pelosi as a major provocation.
Read more »
US Speaker Pelosi arrives in Taiwan, raising China tensionsTAIPEI, Taiwan (AP) — U.S. House Speaker Nancy Pelosi arrived in Taiwan on Tuesday night, becoming the highest-ranking American official to visit the self-ruled island that is claimed by China in 25 years.
Read more »
Speaker Pelosi lands in Taiwan despite warnings from ChinaChina, which regards Taiwan as a renegade province to be annexed by force if necessary, has repeatedly warned of retaliation if Pelosi visits, saying its military will “never sit idly by.”
Read more »
Nancy Pelosi Assures China Taiwan Visit Part Of Bachelorette Party She Didn’t PlanTAIPEI—Responding to widespread condemnation of the trip from Chinese officials, U.S. House Speaker Nancy Pelosi issued an assurance Tuesday that her visit to Taiwan was simply part of a bachelorette party she didn’t plan. “Believe me, I would have loved to stay in the States and do something simple like get a cabin…
Read more »