Many U.S. companies in China are still finding it harder to operate in the country compared with their Chinese counterparts in the U.S., the American Chamber of Commerce in China said in a report released this week. “AmCham China’s members face longstanding structural challenges in the China market that conspire to tilt the playing field .
Beijing [China], May 14 (ANI): Many American companies are still finding it harder to operate in China compared with their Chinese counterparts in the US, the US Chamber of Commerce in China said in a report.
Industries in which U.S. companies operate at a disadvantage in China include health care and cloud computing, said the American Chamber of Commerce in China.
China still priority market for US firms: report
China remains a priority market for companies from the United States, and wholesale decoupling of the U.S. and Chinese economies is in neither country’s economic interest, according to a business report released on Tuesday by the American Chamber of Commerce in China.
The group, representing U.S.-based companies and often called AmCham China, called on China and the U.S. to cooperate in areas of global common interest and identify opportunities to strengthen global public health infrastructure in 2021, so that the world is better prepared for the next public health crisis, according the 23rd edition of the “American Business in China White Paper”.
The Ministry of Commerce (MOFCOM) on Thursday reiterated its opposition to US government’s unilateral imposition of tariffs while urging talks and consultations between China and the US on the basis of equality.