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US companies in China struggle with raids, slow deal approvals, anti-espionage law

1 Minute ReadUS companies in China struggle with raids, slow deal approvals, anti-espionage law

WASHINGTON, Aug 29 (Reuters) – Commerce Secretary Gina Raimondo said on Tuesday that U.S. companies have complained to her that China has become “uninvestible,” pointing to fines, raids and other actions that have made it risky to do business in the world’s second-largest economy.

Below are details on some of the bigger hurdles for doing business in China in recent years.

Raids and fines:

Chinese authorities raided the Mintz Group’s Beijing office in March and detained all five local staff, in what turned out to be the beginning of a sweeping crackdown on consultancy and due diligence firms, including Bain & Co’s office in Shanghai and Capvision Partners.

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