For example, the world s largest McDonald s is in Beijing and Nike has built a factory there. Low-cost labor and more than a billion consumers are what attracted them. Many American companies are flourishing but there are occasional problems. Probably my two biggest problems is lack of infrastructure and lack of proper telecommunications. Another problem is the growing trade deficit.
Chinese goods are everywhere in America, from textiles to toys.
U.S. businesses say the problem is worsened because the Chinese market isn t completely open to them. President Jiang addressed that issue in one category of products this week when he announced that China will remove all tariffs on many telecommunications and high technology products. Last month he announced the government would privatize thousands of their government-run factories and businesses, making room for more foreign investment and competition. But sore points still remain. U.S. industry complains China isn t doing enough to protect intellectual property like computer software, movies, and music, that pirating is still rampant.