SHENZHEN, China : For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder.Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. But amid escalating U.S.-Sino trade tensions, particularly after Washington s
SHENZHEN, China : For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder.
But he's dismayed by the U.S.-China trade spats and the restrictions on a growing number of Chinese companies that have been imposed, or are being proposed, by U.S. lawmakers. Major flashpoints include U.S. export curbs on chips and data security concerns that have seen ByteDance-owned TikTok banned on U.S. government devices and altogether by the state of Montana. For its part, China recently blocked key industries from using Micron Technology products and has sought to rein in foreign consultancies and due diligence firms.
China's foreign ministry said in a statement that some Western countries want to"politicize technology, putting up obstacles to regular technology and trade cooperation, which benefits neither side, and adversely affects global technological advancement and economic growth."But even if expanding into the United States has become that much harder, it is still the end goal for most of the entrepreneurs Reuters spoke to.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China launches Shenzhou-16 mission with first civilian to Chinese space stationBEIJING: China on Tuesday (May 30) sent three astronauts, including a civilian scientist, to its now fully operational space station as part of crew rotation, according to state media, in the fifth manned mission to t
Read more »
China launches Shenzhou-16 mission to Chinese space station: State mediaBEIJING - China sent three astronauts to its now fully operational space station as part of crew rotation on Tuesday (May 30) in the fifth manned mission to the Chinese space outpost since 2021, state media reported. The spacecraft, Shenzhou-16, or Divine Vessel, and its three passengers lifted off atop a Long March-2F rocket from the Jiuquan Satellite Launch Centre...
Read more »
Thailand says 1m Chinese tourists visited from January to mid-MayBANGKOK - Thailand received one million Chinese tourists between January and May 18, a government official said on Sunday (May 28), after China's border reopening. The government expects the number of Chinese visitors to meet its target of five million this year, with spending of 446 billion baht (S$17.4 billion), government spokesperson Anucha Burapachaisri said in a statement. Last year,...
Read more »
Chinese airline apologises after ground staff in Singapore calls passenger a 'dog' - Singapore NewsIn the video footage, the staff member is heard saying to the passenger, 'If you want to be a dog, then I can treat you as a dog.'
Read more »
Malaysia detains Chinese ship linked to suspected illegal salvage of British WWII wrecksKUALA LUMPUR: Malaysia's maritime authorities on Monday (May 29) said cannon shells believed to be from World War II have been found on a China-registered bulk carrier ship detained
Read more »