US companies optimistic on China's 2-year outlook
The majority of US companies surveyed are optimistic on China's business outlook for the next two years, while many believe that succeeding in China is vital to their long-term global competitiveness, according to survey results released by the American Chamber of Commerce in China on Wednesday, China Daily writes.
US companies optimistic on China's 2-year outlook
The Economics of Geography

US companies optimistic on China's 2-year outlook

Photo: AFP/NurPhoto/Marc Fernandes
Eurasia 29/04/2023 09:53

The majority of US companies surveyed are optimistic on China's business outlook for the next two years, while many believe that succeeding in China is vital to their long-term global competitiveness, according to survey results released by the American Chamber of Commerce in China on Wednesday, China Daily writes.

The survey, conducted between April 18 and 20, found China's business outlook to be more promising compared with the results of its previous survey published in early March, the newspaper reports, adding that thanks to the country's fast economic recovery, 59 percent of the respondents reported a positive outlook, an increase of 22 percentage points compared with the previous results.

About 73 percent of the respondents have no plans to relocate their supply chains, even though bilateral tensions continue to pose a significant business challenge for them, according to the survey, which drew responses from 109 companies with operations throughout China, the article adds.

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