US Companies See Record-Low Profits in China Amid Geopolitical Tensions and Slow Growth

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A new report by the American Chamber of Commerce in Shanghai reveals that US companies operating in China are experiencing record-low profits due to geopolitical tensions and a slowing Chinese economy. Only 66% of the 306 companies surveyed were profitable in 2023, with business confidence at an all-time low.

American 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, according to a report published Thursday by a U.S. business group. Out of 306 companies polled, a record-low 66% were profitable in 2023, according to the China business report published by the American Chamber of Commerce in Shanghai.

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