Netflix is the latest U.S. tech company to fail to conquer China

Ciara Linnane

The country’s regulatory and legal framework has failed to keep pace with its economic boom, creating any number of road bumps for foreign players. In its 2016 membership survey, the U.S.-China Business Council found 67% of those polled citing the policy and regulatory environment as the biggest issue impacting their five-year outlooks, ahead of domestic market growth and the competitive environment.