Business optimism ‘at record low’ for US firms in China

Geopolitics remained a major concern for many firms, with US-China tensions cited as a top business challenge.

This was the lowest level of optimism reported since the AmCham Shanghai Annual China Business Report was first introduced in 1999. Concern over the transparency of China’s regulatory environment also grew, with one third reporting that policies and regulations towards foreign companies had worsened in the past year, though many respondents pointed to US government policy rather than China’s when asked about pressure to decouple.

Geopolitical tensions were also cited as the top risk to China’s future economic growth in the AmCham report, with improved US-China relations the number one factor respondents said would improve their industry’s prospects in China.

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Survey: US business optimism about China outlook falls to record lowSHANGHAI, Sept 19 — Geopolitics and a slowing economy are fuelling pessimism among US businesses operating in China, with the proportion of firms optimistic about their five-year...
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