SHANGHAI/WASHINGTON (Reuters): China has defended its business practices after US Commerce Secretary Gina Raimondo said American firms had told her it had become "uninvestible," highlighting a trend of global investors turning away from assets in the world's second-largest economy.
The commerce secretary is the latest Biden administration official to visit China in a bid to strengthen communications, particularly on economics and defence, amid concern that friction between the two superpower could spiral out of control.
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