U.S. business optimism in China is at a record low, the American Chamber of Commerce said Tuesday after an annual survey, with investors painting a gloomy picture of the outlook for the world’s second-largest economy.
The percentage of U.S. companies optimistic about the five-year business outlook in China fell to 52%, the lowest in the history of the American Chamber of Commerce in Shanghai’s survey, started in 1999, which in 2023 polled 325 members. A muted outlook among U.S. companies operating in China dovetails with the spate of data in recent months pointing to a slowdown in the Chinese economy, a trend that has rattled global markets and hit shares in companies like Alibaba .
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