More
    HomeAsian NewsChina exit bans weigh on Western business

    China exit bans weigh on Western business

    Published on

    Two Americans were reportedly blocked from leaving China, moves that could hinder Beijing’s effort to reassure foreign firms it is open for business.

    Wells Fargo suspended all executive travel to China after a US-based banker was banned from leaving, while a Chinese American man visiting family was stopped after failing to disclose that he works for the US Commerce Department, The Washington Post reported.

    China wants more foreign investment, but the incidents underscored Western firms’ trepidation around doing business there, The New York Times wrote.

    The actions also come at a fraught time for US-Sino relations as geopolitical competition and an escalating global trade war weigh on the superpowers.

    Source link

    Latest articles

    Conrad Ricamora starts scholarship for Asian American male actors

    Tony-nominated actor Conrad Ricamora, announced a new scholarship program on Tuesday to support Asian...

    Does Malaysia-US tariff deal signal new tech diplomacy era in Southeast Asia?

    Malaysia received gets 19% tariff from the US after negotiations, with specifics undisclosed.Negotiations linked...

    In the wake of new tariffs, how are US-China trade talks going? | Donald Trump News

    President Donald Trump has unveiled new reciprocal tariffs on imports from dozens of countries,...

    Chinese-American comedian Joe Wong on his journey from laboratories to Letterman

    Joe Wong did everything in his power to achieve the American dream.In 1994, aged...

    More like this

    Conrad Ricamora starts scholarship for Asian American male actors

    Tony-nominated actor Conrad Ricamora, announced a new scholarship program on Tuesday to support Asian...

    In the wake of new tariffs, how are US-China trade talks going? | Donald Trump News

    President Donald Trump has unveiled new reciprocal tariffs on imports from dozens of countries,...

    Chinese-American comedian Joe Wong on his journey from laboratories to Letterman

    Joe Wong did everything in his power to achieve the American dream.In 1994, aged...