×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: US | China | Investment | businesses

US Businesses Concerned Over China Market Barriers

Monday, 04 February 2013 02:28 PM EST

A U.S. business group is voicing concern over market access barriers in China, which it says likely contributed to a drop in foreign investment there last year.

The U.S.-China Business Council's president John Frisbie said Monday that in a recent survey of its 230 member companies, nearly 10 percent of respondents reported that they had stopped or delayed a planned investment in China because of foreign ownership restrictions.

Frisbie said despite some positive changes in tone, it was too early to gauge the direction of economic reform under new Communist Party leader Xi Jinping, who becomes president in March.

Frisbie said the U.S.-China relationship is "fairly good" and on an upward trajectory but there's still lots of distrust.

He suggested the two sides consider holding annual presidential summits.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


StreetTalk
A U.S. business group is voicing concern over market access barriers in China, which it says likely contributed to a drop in foreign investment there last year.The U.S.-China Business Council's president John Frisbie said Monday that in a recent survey of its 230 member...
US,China,Investment,businesses
128
2013-28-04
Monday, 04 February 2013 02:28 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved