American businesses have praised China's regulatory improvements but remain cautious. Ongoing concerns regarding data access and the focus on national security are tempering optimism for future US investment and market access.

American enterprises operating in China lauded improvements in the country’s regulatory environment and more “openness”, but long-standing concerns over access and Beijing’s emphasis on security continue to weigh on optimism, with expectations for US President Donald Trump’s looming China visit also muted, according to a leading business chamber. Targeted regulatory refinement in some sectors, ongoing updates to foreign investment policies and market access measures, and “incremental”...