Foreign multinationals feel increasingly unwelcome in China, American officials and European business executives said on Tuesday, at the start of a second day of high-level Sino-US talks.
“Concerns about the business climate have grown in recent years, with foreign businesses confronting a more complex regulatory environment and questioning whether they are welcome in China,” Jack Lew, US Treasury secretary, said ahead of a meeting with senior US and Chinese business executives.
Mr Lew, who crossed swords on Monday with his Chinese counterpart over alleged market “distortions” caused by industrial overcapacity, is leading the Obama administration’s final Strategic and Economic Dialogue with Beijing.
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