Uncertainty holding back foreign investors in ChinaAP, BEIJINGForeign companies in China are uncertain about what they are allowed to do following police raids on consulting firms, and want “greater clarity” about how newly expanded national security and other rules would be enforced, a foreign business group said yesterday. British Chamber of Commerce in China chairman Julian MacCormac speaks at a press launch for a position paper on UK business in China at a hotel in Beijing yesterday. Photo: AP“If there is greater clarity and greater certainty, then we believe that companies will commit more to China,” chamber chairman Julian MacCormac told a news conference. Chinese President Xi Jinping’s (習近平) government says foreign companies are welcome and is trying to encourage them to invest more. “It raises uncertainty about, what’s the future like for me as a company in China?” he said.

Source: Taipei Times May 23, 2023 18:40 UTC