U.S. business optimism about China outlook falls to record low

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Geopolitics and a slowing economy are fuelling pessimism among U.S. businesses operating in China, with the proportion of firms optimistic about their five-year outlook in the country falling to a record low, a survey released on Tuesday said. Even after the ending of COVID curbs, which weighed heavily on both revenues and sentiment in 2022, the percentage of surveyed U.S. firms optimistic about the five-year China business outlook fell to 52%, according to the annual survey published by American Chamber of Commerce (AmCham) in Shanghai. This was the lowest level of optimism reported since the AmCham Shanghai Annual China Business Report was first introduced in 1999.

FILE PHOTO: Illustration shows U.S. and Chinese flagsSHANGHAI - Geopolitics and a slowing economy are fuelling pessimism among U.S. businesses operating in China, with the proportion of firms optimistic about their five-year outlook in the country falling to a record low, a survey released on Tuesday said.

"Frankly, if there was one thing that surprised me about the survey this year it was that number," said AmCham Shanghai Chairman, Sean Stein. "By the time we did this year's survey a lot of the illusions had fallen away that we would see a sustained rebound in economic growth ." Companies have been at the centre of deteriorating relations between the two countries for several years. China has criticised U.S. efforts to block China's access to advanced technology and U.S. firms have expressed concern about fines, raids and other actions that make doing business in China risky.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 47. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

U.S. business optimism about China outlook falls to record lowBy Casey Hall SHANGHAI (Reuters) - Geopolitics and a slowing economy are fuelling pessimism among U.S. businesses operating in China, with the ...
Fonte: SaltWire Network - 🏆 45. / 63 Consulte Mais informação »

Fewer 'I dos' ruin the party for China's $500 billion wedding industryBy Casey Hall and Farah Master SHANGHAI/HONG KONG (Reuters) - COVID wasn't kind to wedding planners in China, where marriages are traditionally ...
Fonte: SaltWire Network - 🏆 45. / 63 Consulte Mais informação »

Fewer 'I dos' ruin the party for China's $500 billion wedding industryCOVID wasn't kind to wedding planners in China, where marriages are traditionally elaborate, expensive affairs, but the industry estimated at almost $500 billion is now facing a bigger threat: a plunge in the number of couples willing to tie the knot. 'The number of marriages is falling and few are willing to spend a lot on weddings,' said Yuan Jialiang, who ran a full-scale wedding planning business for almost a decade in Shanghai before switching to focus on wedding photography before the pandemic. There were 6.8 million marriages across China last year, 800,000 fewer than in 2021 and the lowest since the government began publishing the data in 1986.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »