On March 19, AmCham China’s Central China Chapter officially launched the 2025 China Business Climate Survey (BCS) Report at its chapter office in Wuhan. The event brought together leaders from the Wuhan Council for the Promotion of International Trade (CCPIT), officials from the US Consulate General in Wuhan, local chapter members, and the larger business community.
The launch was moderated by Central China Chapter Chair Steve Carpenter who expressed gratitude to local government officials and member companies for their continued support. He reaffirmed the Chapter’s role as a bridge between business and government and its ongoing commitment to delivering high-quality services for members.
This year’s BCS Report reflects responses from over 350 companies across more than 20 industries, covering key topics such as financial performance, business outlook, the business environment, and perspectives on US-China relations. AmCham China President Michael Hart delivered an overview of the national-level data from the 2025 BCS Report. He emphasized the enduring importance of the Chinese market for American companies, even as they navigate a more challenging operating environment.
Executive Summary Highlights
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2024 Financial Performance
Respondents reported lower revenue expectations for 2024 compared to 2023, though profitability remained largely stable. The share of companies anticipating revenue growth dropped by 17 percentage points year-over-year, while those expecting a decline rose by 8 percentage points. Still, 49% of companies expect to be profitable in 2024—a 2 percentage point increase from the previous year. -
Industry Outlook
Over 60% of surveyed companies anticipate industry growth in 2025. Optimism is especially high among tech and R&D firms, with 75% forecasting growth above 5%. That said, businesses have adopted a more cautious outlook overall, with fewer expressing optimism about market growth, profitability, and economic recovery than in previous years. -
Top Challenges
Competition from Chinese companies topped the list of challenges cited by nearly 60% of respondents in Tianjin. Other frequently mentioned obstacles included strained US-China relations, industry overcapacity, rising labor costs, and a need for more consistent and transparent regulatory enforcement.
Click here to download the 2025 China Business Climate Survey Report!