In the face of declining profitability and longstanding issues such as inconsistent regulations, American firms in China have tempered their growth and investment outlooks for this year, a new report has said.
Business optimism of these firms has also declined across the board, with growing concerns about cost and US-China tensions, said the American Chamber of Commerce in China (Amcham).
In its annual China Business Climate Survey report released yesterday, Amcham noted that 30 per cent of the 314 members surveyed said overall profitability declined last year – the worst performance since 2015, when China experienced a stock market sell-off.