U.S. Commerce Secretary Gina Raimondo has expressed concerns after American firms reported that China has become "uninvestible" and "too risky" for business. Raimondo, who recently visited China, heard complaints from American companies about exorbitant fines, unclear revisions to the counterespionage law, and raids on businesses. China, however, defended its business practices, stating that the majority of U.S. firms in China want to stay and that Beijing is working to ease market access for foreign companies. Raimondo urged American businesses to continue investing and growing in China. Despite the lack of breakthroughs in her trip, the U.S. and China have agreed to establish a commercial issues working group, launch an export control enforcement information exchange, and hold a tourism leadership event in the first half of 2024. The visit, focusing on better communication, has been seen as a success on the U.S.-China communication front. However, analysts remain skeptical about the extent to which commercial and investment problems will be alleviated, given the ongoing tensions between the two countries.