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Survey by AmCham Shanghai: US-CN Tensions Lead to Record Low Biz Confidence
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Due to political tensions, intense market competition and slowing economic growth in China, only 41% of American companies are optimistic about their business prospects in China over the next 5 years, a decline of 6 ppts from last year, the lowest confidence level since the publication of the Annual China Business Report in 1999, according to a survey by the American Chamber of Commerce in Shanghai (AmCham Shanghai). The survey targeted 254 member companies representing various industries, and was conducted shortly after US President Donald Trump announced the imposition of comprehensive reciprocal tariffs. The survey found that geopolitical issues remain the biggest issue for businesses, with 66% of respondents considering US-China tensions as the greatest challenge for the next 3-5 years. AASTOCKS Financial News Website: www.aastocks.com |
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