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China begins shutting US businesses out of country
China: Closing for Business? Western companies are finding themselves shut out as Beijing promotes homegrown rivals.
Not so long ago in China, Western business executives traveling to the provinces could expect a hearty welcome and a banquet with endless toasts of maotai liquor. In February, however, representatives of General Electric (GE) and a dozen other U.S. companies got a taste of the way commercial...