Crumble hurdles for foreign entities, US tells China
Senior US officials implored China to downscale hindrances for foreign businesses, saying woes have escalated because of a more complicated regulatory environment. After numerous government probes hitting foreign entities and the implementation of a national security law curbing the usage of technology, foreign business sentiment has dwindled. American business groups also expressed their exasperation regarding new Chinese rulings favoring local firms, making it harder to run business in the country. US Treasury Secretary Jacob Lew said the two countries are responsible for ensuring better commercial, investment, and trade collaboration.
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