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

  • 📰 ABC
  • ⏱ Reading Time:
  • 20 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

Economy News

Business,World News,General News

A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy

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

The geopolitical tensions between both countries was the top challenge to businesses’ operations in China, the report found. Many businesses are now redirecting investments to other regions such as Vietnam, Malaysia and South Asia, Zheng said. The European Chamber’s report found that for some European companies, the risks of investing in China were beginning to outweigh the returns.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines