The daily business briefing: August 30, 2023

Raimondo tells Beijing it is making China 'uninvestable,' Meta stops a major China influence campaign, and more

Gina Raimondo and Li Qiang in Beijing
(Image credit: Andy Wong / Pool / AFP via Getty Images)

1. Raimondo warns Beijing it's making China 'uninvestable'

Commerce Secretary Gina Raimondo told Chinese officials Tuesday that the United States wants to maintain ties with China but concerns about Beijing's policies are scaring away international businesses, The New York Times reported. Raimondo, in the middle of a four-day trip seeking to ease tense relations between Beijing and Washington, met Tuesday with Premier Li Qiang, China's No. 2 government official, and Vice Premier He Lifeng, who leads on economic matters. Raimondo said afterward she had pressed her Chinese counterparts on American businesses' concerns about crucial matters, including intellectual property theft, capricious fines and raids on businesses. "Increasingly, I hear from businesses China is uninvestable because it has become too risky," she said.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.