BEIJING - In the face of declining profitability and longstanding issues such as inconsistent regulations, American firms in China have tempered their growth and investment outlooks for 2019, a new report has said.
In its annual China Business Climate Survey report released yesterday, Amcham noted that 30 per cent of the 314 members surveyed said overall profitability declined last year - the worst performance since 2015, when China experienced a stock market selloff. Despite the pessimism, Amcham said China remains an important market for US businesses, with a majority of those surveyed saying the growing affluence of China's middle class remains a key opportunity. Members also said China's investment environment had showed modest improvement, Amcham China chairman Tim Stratford said.
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