306 U.S. firms in China report record-low profits, optimism, amid geopolitical tensions and slowing economy, prompting reconsideration of investments.
A report from the American Chamber of Commerce in Shanghai reveals that U.S. companies in China are experiencing record-low profits and optimism. Only 66% of 306 surveyed firms reported profitability in 2023, and just 47% are optimistic about their five-year outlook, both historic lows. Geopolitical tensions and a slowing Chinese economy are major challenges, prompting many firms to consider redirecting investments to other regions like Southeast Asia.
6 months ago
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