Raimondo Says US Businesses See China Becoming ‘Uninvestible’

US Commerce Secretary Gina Raimondo argued that China is driving away American companies by making investments in the world’s second-biggest economy increasingly hazardous.

“Increasingly I hear from businesses, ‘China is uninvestible because it’s become too risky,’” Raimondo told reporters Tuesday aboard a high-speed train from Beijing to Shanghai. “There are the traditional concerns that they’ve become accustomed to dealing with. And then there’s a whole new set of concerns, the sum total of which is making China feel too risky for them to invest.”