US multinational firms have expanded their businesses into China over the past 20 years but at what cost, asks a US congressional committee report. Photo: AFP

American firms’ move into China over past 20 years threatens US ability to lead and compete: report

  • As US business in China focuses more on high-end tech production, the risk rises that America is helping Beijing reach industrial and military goals: report
  • US business communities say China remains a preferred investment destination but the Covid-19 outbreak was a wake-up call on supply chains
Topic |   China economy
US multinational firms have expanded their businesses into China over the past 20 years but at what cost, asks a US congressional committee report. Photo: AFP
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