Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion

Q: How long will it take to read this news story?

The story "Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion" has 2039 words across 39 sentences, which will take approximately 9 - 17 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion" was covered 3 days ago by Economic Times, a news publisher based in India.

Q: How trustworthy is 'Economic Times' news outlet?

Economic Times is a fully independent (privately-owned) news outlet established in 1961 that covers mostly business news. The outlet is headquartered in India and publishes an average of 7 news stories per day. It's most recent story was published 12 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21999175</li><li>URL: https://beamstart.com/news/chinese-businesses-hoping-to-expand-17232091396155</li></ul>

Economic Times Logo Economic Times 3d ago

Chinese businesses hoping to expand in the US and bring jobs face uncertainty and suspicion - Economic Times

Quick Summary:

U.S.wariness of China, coupled with Beijing's desire to protect its technological competitiveness, threatens to rupture ties between the world's two largest economies.

That could hurt businesses, workers and consumers, which some warn could undermine the economic foundation that has helped stabilize relations.“This is a lose-lose scenario for the two countries,” Zhiqun Zhu, professor of political science and international relations at Bucknell University, said in an email.“The main reason is U.S.-China rivalry, and the U.S.government prioritises ‘national security’ over economic interests in dealing with China.

In Worcester, Massachusetts, the Chinese biotech company WuXi Biologics paused construction of a large facility a few weeks after lawmakers introduced a bill that would, over data security concerns, ban U.S.entities receiving federal funds from doing business with a number of China-linked companies, WuXi Biologics included.