Business News
Home > Business News
US Chamber of Commerce warns of increase in risks for businesses in China
TIWN
TIWN
PHOTO : TIWN
Washington, May 1 : The US Chamber of Commerce has warned that rising scrutiny of American firms in China "dramatically increases" the uncertainties and risks of doing business in the country.
The influential business lobby said Friday it was closely monitoring “heightened official scrutiny” of US firms by the Chinese authorities, following the questioning of employees at management consultancy Bain & Company in Shanghai and the shutdown of the Beijing office of due diligence provider Mintz Group.
“The services these firms provide are fundamental to establishing investor confidence in any market, including China,” the chamber said in a statement, without naming either company.
Add your Comment
Comments (0)
More Business News
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals