China probes threaten to squeeze foreign profits.

And while the U.S. Chamber of Commerce warns that China is losing its appeal as the top investment destination for American companies, China says concerns of a coordinated attack are unfounded. "Fears that China, once the hottest growth market for Western firms, is turning chillier are totally misplaced", China's official Xinhua News Agency said in an unsigned commentary on July 30. [Extracted from the article]