US firms in China remain frustrated and are growing more pessimistic about their prospects in the country, a top business lobby said on Wednesday, while a trade war between Washington and Beijing continues to fester.
US businesses have traditionally held together the US-China relationship amid rough spots in bilateral relations, but the American Chamber of Commerce in China said in a white paper that the community could no longer be counted on to be the ballast of the relationship.
“Many of our longstanding concerns about the business environment in China remain unaddressed,” the chamber said in a statement.