U.S. businesses in China are more pessimistic about prospects -survey


By Casey Hall

SHANGHAI (Reuters) – U.S. businesses operating in China are increasingly pessimistic about their prospects in the world’s second-largest economy, according to a survey released Wednesday by the American Chamber of Commerce in China.

For the first time in the 25-year history of AmCham China’s business sentiment survey, a majority of responding companies said China is no longer seen as a “top three investment priority”.

Most said they were revising China investment plans to invest the same or less overall in the country, though the vast majority also reported no plans to relocate their operations out of China completely.

“Last year was particularly challenging for our member companies, as they dealt with China’s economic slowdown, COVID control measures, and ongoing efforts to ensure compliance with various new US and China-related regulations,” said AmCham China Chairman Colm Rafferty.

Rising U.S.-China tensions remain the top business challenge, cited by 66% of respondents, while 65% of members said they were “unsure or uncertain” that China will further open to foreign investment.

Almost half of the American businesses surveyed said they feel less welcome in China than they did a year ago.

(Reporting by Casey Hall; Editing by Christian Schmollinger)

Share post:


More like this

NFL MVP Odds Update: Dak Prescott and Brock Purdy New Betting Favorites, Tua Tagovailoa a Sleeper Candidate?

Throughout this season, I have talked extensively about how...

Chargers EDGE Khalil Mack nears 100 career sacks

khalil with his second sack of the day 😮‍💨 📺:...

Academy Museum Gala: Leonardo DiCaprio, Salma Hayek, Selena Gomez, more shine on red carpet

Hollywood stars gather for Academy Museum galaJulia Roberts, George...