US companies pull out of China as relations sour

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At the same time, 22 per cent were decreasing investment this year because they were worried about deteriorating Sino-US relations and an unpredictable regulatory environment under Mr Xi’s leadership. “China is becoming more challenging for foreign investors. What businesses need above all else is clarity and predictability, yet across many sectors companies report that China’s legal and regulatory environment is becoming less transparent and more uncertain,” Sean Stein, chairman of AmCham Shanghai, said. Australian companies share many of the concerns of their US counterparts, although they are hopeful that Anthony Albanese’s planned visit to Beijing later this year will help...