US businesses shy about attendance at China’s Davos

Spy balloons over the American Midwest, warnings from Beijing of a clash if Washington “doesn’t hit the brakes” and intense congressional scrutiny of investment in China — there could hardly be a less auspicious time for US business to attend Beijing’s flagship investment conference.

But this weekend, former secretary of state Henry Kissinger, investor Ray Dalio and American business chiefs including Jon Moeller of Procter & Gamble…