SHANGHAI : Leaders from a top U.S. business lobbying group said on Wednesday that Beijing's probe against U.S.-based chipmaker Micron Technology Inc marked a 'major concern' for other companies operating in the country.In the absence of data or 'real evidence showing that Micron's products provided or sto
SHANGHAI : Leaders from a top U.S. business lobbying group said on Wednesday that Beijing's probe against U.S.-based chipmaker Micron Technology Inc marked a"major concern" for other companies operating in the country.
"It is a major concern because China lacks transparency in many conventions of law and policy, and this is one," Ross said. Ross' comments came during a media roundtable after the release of the Beijing-based chamber's survey on business sentiment, which collected responses from 109 American companies operating in China over the period of April 18-20 of this year.
However, more companies are concerned that worsening U.S.-China relations will affect operations. About 87 per cent of respondents stated they were at least slightly pessimistic about the two countries' bilateral relationship, up 14 per centage points from the previous poll.
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