Skip to Content
AP-National

US commerce secretary warns China will be ‘uninvestable’ without action on raids, fines

By
Published 5:59 AM

By JOE McDONALD
AP Business Writer

SHANGHAI (AP) — Commerce Secretary Gina Raimondo says she warned Chinese leaders that U.S. businesses might stop investing in their country without prompt action to address complaints about worsening conditions due to raids on firms, unexplained fines and unpredictable official behavior. The issue is especially sensitive at a time when President Xi Jinping’s government is trying to revive investor interest to help reverse a deepening economic slump. Raimondo visited Beijing as part of U.S. efforts to restore relations that are beset by disputes about technology, security, Taiwan and other issues. She called her meetings with China’s No. 2 leader, Premier Li Qiang, and other officials “very productive” but said she “didn’t pull any punches” in conveying business complaints.

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content