China would become “uninvestable” without action on searches and fines, the US commerce secretary says.
Commerce Secretary Gina Raimondo cautioned Chinese authorities on Wednesday that if they don’t take quick action to address complaints about the worsening conditions caused by raids on enterprises, arbitrary penalties, and unpredictable official behaviour, American businesses may quit investing in their nation. The Chinese government, led by President Xi Jinping, is under pressure as it … Read more