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Commerce Secretary says U.S. firms complain China is 'uninvestible'

18 Comments
By David Shepardson

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18 Comments
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Boeing has also been unable to deliver, and get paid for, 85 737 MAX jets ordered by Chinese customers years ago, which she previously blamed on the Chinese government.

China can protect better their citizen for that faulty airplane that killed many, even that that company still plead not guilty.

https://www.npr.org/2023/01/26/1151565489/boeing-criminal-fraud-charge-737-max-crashes

https://www.cbsnews.com/news/boeing-pleads-not-guilty-fraud-737-max-jet-crashes/

-13 ( +0 / -13 )

Why wouldn’t any US company want to invest in the US?

Investing in China gives funds to the CCP which runs an authoritarian state responsible for concentration camps!

Finally the Americans are waking up

7 ( +9 / -2 )

Meanwhile the US raises tariffs on Chinese goods, bans the export of high tech products and prohibits US investment in some Chinese business sectors.

Chinese officials were extra polite to not ask Secretary Raimondo to take a long walk on a short pier.

-9 ( +1 / -10 )

Then don’t invest in China. It’s too risky.

10 ( +10 / -0 )

I hear from American business that China is uninvestible

The US business people need to be told that China, including many of its biggest companies, is run entirely by communists, and that its grand strategy ("Made in China") is to become self-sufficient and globally dominant in the most important industries, at which point the foreigners and their businesses will be thrown out of the country.

The East is Red!

4 ( +6 / -2 )

They shouldn't have been investing in the first place, we wouldn't be in a place we are in right now!

5 ( +6 / -1 )

The East is Red!

Great tune. Holger Czukay's version is the best

https://www.youtube.com/watch?v=jGHhSlPJRCI

0 ( +2 / -2 )

As they say in the corporate world, China is a slippery fish. A very slippery fish.

3 ( +4 / -1 )

Good. A few decades late, perhaps, but good news nonetheless. If the risk-adjusted returns aren’t there, companies will invest elsewhere.

6 ( +7 / -1 )

It is not just America sourcing goods from nations other than China. In major chain stores in Australia you could only buy Chinese goods up till a few years ago. Now its getting harder to find any. My last shopping trip saw me by goods made in Indonesia, Bangladesh and India from a store that recently only sold Chinese goods.

This is a good thing. Share the prosperity around and keep China at arms length. We really do not need Chinese goods. They do not deserve outside investments based on their continuing and growing hostility.

5 ( +7 / -2 )

Bullying foreign investors and businesses will not instill confidence and ignore risks. Whether it is deliberate or not, China is not winning friends and influencing enemies.

China's domestic economy is deteriorating and their people are starting to suffer. How much longer can they let the suffering go on? Beating war drums on the need to face the imperialist U.S. can only distract the peoples' attention for only so long. The government needs to do something to bail out the over-extended provinces and provide relief to their people.

5 ( +7 / -2 )

They're not wrong: if you abduct travelers you make it almost impossible to conduct business there.

2 ( +5 / -3 )

EastmanToday 09:38 am JST

questions

is does USA have right to get conditions they want?

or its is China who decides conditions for investment abroad?

reply for first question is NO,for second question YES.

you dont like chinese system settings and does not fits your business plans well?

go next door.problem solved!

No but they have the right to not have Chinese thuggery driving them out of the country. Otherwise it is just sanctions. I know China likes to think it doesn't have those.

1 ( +4 / -3 )

sakurasukiToday 06:47 am JST

Boeing has also been unable to deliver, and get paid for, 85 737 MAX jets ordered by Chinese customers years ago, which she previously blamed on the Chinese government.

China can protect better their citizen for that faulty airplane that killed many, even that that company still plead not guilty.

https://www.npr.org/2023/01/26/1151565489/boeing-criminal-fraud-charge-737-max-crashes

https://www.cbsnews.com/news/boeing-pleads-not-guilty-fraud-737-max-jet-crashes/

Even your vaunted China has returned the 737 Max to service, probably because their domestically produced aircraft are even bigger death traps.

1 ( +4 / -3 )

Given China's new espionage laws I cannot see any foreign company wanting to invest there. All these companies must have CCP members on their boards...ie. Corruption, and anyone, anywhere, can be stopped and arrested under this law for no reason, not that that has ever stopped their police before. And as for the 'Made in China' labels and tags, they are being replaced by ' Made in Vietnam or India'. China is very close to an internal explosion, and it will not be nice. ....ps But I must also add that the USA is also imploding as well.

-2 ( +1 / -3 )

Not that I disagree but saw some irony here, because from a few months back:

Shark Tank's Kevin O'Leary claims New York, Massachusetts, New Jersey and California are "uninvestable"

-1 ( +0 / -1 )

is does USA have right to get conditions they want?

or its is China who decides conditions for investment abroad?

reply for first question is NO,for second question YES.

you dont like chinese system settings and does not fits your business plans well?

go next door.problem solved!

It is a more a situation of the US Commerce Secretary telling her Chinese counterpart the reasons US firms have become reluctant to invest in China so there is no misunderstanding about the reasons. It is entirely up to the Chinese to make their economy attractive to invest in. US firms are not somehow obliged to invest in China. If they think investing there could end up being a money loser or losing control of their Chinese subsidiary because some CCP appointee over rules the company's management team then they owe it to the stock holders not to invest there.

0 ( +0 / -0 )

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