Major Chinese Companies Caught in Squeeze Play Between Beijing, US

“Some decoupling is underway and seems inevitable,” said Doug Barry, a spokesperson for the US-China Business Council. “The whole relationship is at an inflection point.” “To avoid a major split, China in particular will have to change course in ways that at the moment seem very unlikely,” Barry said. “Our companies that are in China report continued good earnings from their operations there but are increasingly concerned about the future because of the deteriorating bilateral relationship. New investments will be reduced until the outlook becomes clearer.” Like others, Barry holds out hope for a solution that might prevent major damage. He said that the Phase One trade deal negotiated by the Trump administration might be a means of achieving some kind of balance.