The growing strategic rivalry between America and China is putting pressure on American businesses and investors
has suffered a Chinese burn as a child will remember the pain when two hands grip the forearm and twist the skin in opposite directions. Americans doing business in China know the feeling well. The growing strategic rivalry between the two superpowers is putting pressure on American businesses and investors in two ways. One grip on the forearm is that of the American government, which is increasing scrutiny of American firms operating in China on national-security and human-rights grounds.
Another source of concern for companies and investors is Xinjiang. Authorities in the western Chinese province have sent up to 1m members of the Uighur Muslim minority to “re-education camps”. This year two American firms have been forced by unflattering media reports to sever ties with the state. Thermo Fisher Scientific, a medical-technology firm, stopped selling gene-sequencing instruments that were used to trace Uighurs’.
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