US Firms Say China Has Become ‘Uninvestable,’ Commerce Secretary Says

U.S. Commerce Secretary Gina Raimondo says American companies have complained to her that China has become “uninvestable.”

An employee working on a car assembly line at a Dongfeng factory in Wuhan in China's central Hubei Province on Sept. 14, 2020. STR/AFP via Getty Images

U.S. Commerce Secretary Gina Raimondo says American companies have complained to her that China has become “uninvestable” as the level of risk associated with doing business there has spiked amid factors such as changes to counterespionage laws and raids on foreign firms.

Ms. Raimondo made the remarks on Aug. 29 while on a train heading to Shanghai from Beijing during an official visit to China.