U.S. Companies Complain China is ‘Uninvestible,’ Says U.S. Commerce Secretary

The U.S. secretary of commerce says that U.S. companies have complained to her that the Chinese government is making the country “uninvestible” for foreign businesses.

Gina Raimondo told reporters while traveling in China that government fines, raids and other actions have made it risky for American companies to do business in China. Citing one example, she said there was “no rationale given” for Chinese government restrictions on U.S. chipmaker Micron Technology. “There has been limited due process, and that’s why I brought it up,” Raimondo said.

The full story is here.

About Doug Royce

A lifelong aviation enthusiast, Douglas Royce is currently co-editor of four of Forecast International's Market Intelligence Services: Civil Aircraft Forecast, Military Aircraft Forecast, Rotorcraft Forecast, and Aviation Gas Turbine Forecast. As such, he plays a key role in many important projects that involve market sizing and forecasting for various segments of the world aerospace industry, as well as demand for related systems.

View all posts by Doug Royce →