US companies see record-low profits in China amid geopolitical tensions and slow growth, report says

The American and Chinese flags wave at Genting Snow Park ahead of the 2022 Winter Olympics on Feb. 2, 2022, in Zhangjiakou, China.

Beijing and Washington have been at odds in recent years over issues like trade and manufacturing, as well as China’s claims over the South China Sea. “It’s a balance between risk and reward,” said Eric Zheng, president of AmCham Shanghai, during a news conference ahead of the report’s publication. A record high of 25 percent of companies polled cut investment in China in 2023, AmCham’s report found, largely driven by concerns over China’s slowing growth.

The European Chamber’s report found that for some European companies, the risks of investing in China were beginning to outweigh the returns.

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