U.S. Business Confidence in China Hits Rock Bottom - Survey Reveals
The proportion of US businesses optimistic about their five-year outlook in China has fallen to a record low, according to a survey by the American Chamber of Commerce (AmCham) in Shanghai. Even after the easing of COVID restrictions, only 52% of surveyed firms expressed optimism, the lowest level since the survey began in 1999. Geopolitical tensions and China's economic slowdown were cited as top challenges, with concerns over the transparency of China's regulatory environment growing. Many companies are redirecting or considering redirecting investments away from China, mainly to Southeast Asia.