In China, US firms have had the worst outlook since turn of century, AmCham Shanghai survey reveals

US firms have had the worst outlook since turn of century

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In China, US firms have had the worst outlook since turn of century, AmCham Shanghai survey reveals
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A survey by the American Chamber of Commerce in Shanghai (AmCham Shanghai) has found that US firms in China have the worst outlook since the turn of the century. The survey, which was conducted in August 2023, found that only 30% of US firms are optimistic about the future of their business in China, down from 67% in 2021.

The survey also found that US firms are increasingly concerned about the Chinese government's regulatory environment, with 63% of respondents saying that it has worsened in the past year. This is up from 49% in 2021.

Other concerns cited by US firms include the rising cost of doing business in China, the lack of transparency in the Chinese government's decision-making process, and the growing competition from Chinese companies.

The survey's findings are a sign of the deteriorating relationship between the United States and China. The two countries have been engaged in a trade war since 2018, and tensions have also increased over issues such as Taiwan and Hong Kong.

The survey's findings are also a sign of the challenges that US firms are facing in China. The Chinese government has been cracking down on foreign companies in recent years, and US firms have been particularly targeted.

The survey's findings are a warning sign for the Chinese government. If US firms continue to leave China, it will damage the Chinese economy and make it more difficult for China to achieve its economic goals.

The Chinese government needs to address the concerns of US firms and create a more welcoming environment for foreign investment. If it does not, it will risk losing out on the benefits that US firms can bring to the Chinese economy.

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