US companies are finding China increasingly ‘uninvestible’, commerce secretary Gina Raimondo says

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Sheng Li/Reuters US companies are finding China increasingly "uninvestible", according to commerce secretary Gina Raimondo. They're contending with new anti-spying laws and greater competition from subsidized Chinese firms. Deflation, soaring youth unemployment, and a property crisis have also spooked global investors and businesses alike. American companies are viewing China as an increasingly difficult place to do business as the Asian nation struggles to deal with a slew of economic headwinds, Commerce Secretary Gina Raimondo said Monday. Speaking to reporters on a bullet train between Beijing and Shanghai, Raimondo highlighted the difficulties that firms are facing when it comes to the...