US companies walk fine line when doing business with China
NEW YORK (AP) — The furor over a tweet by the Houston Rockets’ general manager in support of Hong Kong protesters is highlighting the fine line that U.S. companies must walk when doing business with China.
China is highly appealing to U.S. companies looking for growth overseas. But experts caution they should know what they’re getting themselves into when they do business with a country that’s heading into 70 years of communist rule.
The NBA is trying to manage that delicate relationship after manager Daryl Morey posted a now-deleted tweet of an image that read “Fight for Freedom. Stand with Hong Kong.” That set off an immediate backlash, with China’s state broadcaster canceling plans to show a pair of preseason games in that country later this week.