firms in China remain frustrated and are growing more pessimistic about their prospects in the country, a top business lobby says, while a trade war between Washington and Beijing continues to fester.
Many US firms supported the Trump administration’s tariffs on $250bn worth of Chinese goods to get Beijing to the negotiating table, chamber officials noted. Still, US firms complain of long-running problems shared by most foreign companies — market access, intellectual property protection, inconsistent regulatory policies, unequal treatment compared with Chinese firms, among other complaints.
While US President Donald Trump has focused his ire on China’s trade surplus with the US, which hit a record $419.2bn in 2018, it is not a major concern for the chamber.
Source: News Formal (newsformal.com)
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