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Submission: On September 11 via manual from US — Scanned from DE
Submission: On September 11 via manual from US — Scanned from DE
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Skip to contentSkip to site index Search & Section Navigation Section Navigation SEARCH Business SUBSCRIBE FOR €0.50/WEEKLog in Monday, September 11, 2023 Today’s Paper Business|China Is Full of Risks. So Why Can’t Corporate America Leave? https://www.nytimes.com/2023/09/08/business/china-us-business.html * Share full article * * Advertisement SKIP ADVERTISEMENT Supported by SKIP ADVERTISEMENT CHINA IS FULL OF RISKS. SO WHY CAN’T CORPORATE AMERICA LEAVE? Doing business in China, once seen as a can’t-miss opportunity, poses a troubling quandary: Reasons to stay can be as compelling as the reasons to retreat. * Share full article * * * Read in app The U.S. commerce secretary, Gina Raimondo, center, visited Boeing in Shanghai last month. She has described a feeling among American businesses that China is “uninvestable.”Credit...Pool photo by Andy Wong By Alexandra Stevenson Alexandra Stevenson, the Shanghai bureau chief currently in Hong Kong, has covered business and finance in China for over a decade. Sept. 8, 2023 阅读简体中文版閱讀繁體中文版 For decades, America’s corporate chieftains saw China as a money spinner. They gushed about its hundreds of millions of consumers, called it “one of the biggest opportunities” and made predictions that this would be “China’s century.” Now, those executives have come away from recent visits to the country with a more sober view. Western companies doing business in China are facing pressures that were unimaginable several years ago. The country’s economy is floundering, and its relationship with the United States is strained. Three years of border restrictions and an effective commercial lockdown have opened cracks that have yet to heal. Subscribe to The Times to read as many articles as you like. Alexandra Stevenson is the Shanghai bureau chief for The Times. More about Alexandra Stevenson A version of this article appears in print on Sept. 9, 2023, Section B, Page 1 of the New York edition with the headline: Doing Business in China Is Risky, but So Is Retreating. Order Reprints | Today’s Paper | Subscribe * Share full article * * * Read in app Advertisement SKIP ADVERTISEMENT SITE INDEX SITE INFORMATION NAVIGATION * © 2023 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions Your tracker settings We use cookies and similar methods to recognize visitors and remember their preferences. We also use them to measure ad campaign effectiveness, target ads and analyze site traffic. To learn more about these methods, including how to disable them, view our Cookie Policy. By clicking ‘accept,’ you consent to the processing of your data by us and third parties using the above methods. You can always change your tracker preferences by visiting our Cookie Policy. AcceptReject We've updated our termsWe encourage you to review our updated Terms of Sale, Terms of Service, and Privacy Policy. By continuing, you agree to the updated Terms listed here.Continue