Retail giant Walmart aims to grow its more than 30 China outlets at least by 2028. Photo: AP
Retail giant Walmart aims to grow its more than 30 China outlets at least by 2028. Photo: AP

US firms in China will see ‘no light at the end of the tunnel’ in 2023, business council says

  • Douglas Barry, communications and publications vice-president with the US-China Business Council in Washington, expects 2023 to be a very difficult year
  • On Thursday, the US Department of Commerce added 36 Chinese firms to its entity list in a move to curb Beijing’s ability to leverage technologies for military use

Retail giant Walmart aims to grow its more than 30 China outlets at least by 2028. Photo: AP
Retail giant Walmart aims to grow its more than 30 China outlets at least by 2028. Photo: AP
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