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US presses China to reduce barriers for foreign business

China says it is committed to welcoming foreign companies to the country, the world's second largest economy


Reuters  |  Beijing 

Senior US officials pressed China again on Tuesday to reduce barriers for foreign businesses, saying concerns have grown due to a more complex regulatory environment. Foreign business confidence has been impacted by regulatory and protectionist worries, following a series of government investigations targeting foreign companies and the roll-out of a national security law limiting the use of overseas technology. US business groups have also complained about new Chinese regulations they say favour local firms and make it more difficult to operate in China, as well as other laws ...

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First Published: Tue, June 07 2016. 14:20 IST