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Chinese firms in US facing tough conditions

By YIFAN XU in Washington | China Daily Global | Updated: 2023-05-05 09:36
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A sign advertises vacant retail space for lease in the Loop in Chicago, Illinois, on April 20. SCOTT OLSON/GETTY IMAGES/AFP

Better understanding

"We don't necessarily need to agree on everything," he said. "China and the US have very different systems. That's OK. They don't need to have our system, and the US doesn't need to adopt China's system. But I do think there are opportunities to do business and to cooperate and have a much better understanding of one another."

Saperstein said the business community could help smoothen bilateral relations.

Philip Berkowitz, who is working as US practice group leader of Littler Mendelson, an employment and labor law firm, said these are challenging times for Chinese companies in the US.

"But I would say that overall, according to my work experiences, Chinese businesses are working very hard to build their businesses here and to comply with the law," he said. "They understand the importance of compliance. They very much want to get things right in the United States.

"They're under real scrutiny from regulators and the press. And I think they're doing an incredible job with their compliance testing and with their commitment to the rule of law here in the US," he said.

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