HECTOR RETAMAL
- It's not a great time to be an American tech CEO with operations in China.
- Western tech firms are getting squeezed in the world's second-largest economy.
- The rise of strong local competition and growing pressure from Beijing has proven challenging.
There was once a time when American CEOs looked to China as a land of opportunity. That time might be long gone.
After years of ascending growth, some of the most powerful US tech corporations have started to slide hard and fast in the world's second-largest economy amid the new reality of doing business there.