WASHINGTON: U.S. companies doing business in China remain profitable, but 81per cent say escalating trade tensions between the world's two largest economies have affected their business operations, a new survey released Thursday by the US-China Business Council found.
U.S. companies say they are also losing sales because their Chinese customers increasingly view U.S. companies as unreliable business partners given the volatility of the bilateral commercial relationship, the survey showed. "While no mass exodus from China is expected, continued tensions in the U.S.-China relationship, an unlevel playing field, and simmering retaliatory actions by Chinese authorities against American companies are creating an increasingly uncertain commercial environment," it said.