Optimism ‘at record low’ for US firms in China

Weak consumption, a crisis in the massive property sector and soft demand for its exports has complicated China's recovery post-Covid disruptions. – EPA pic, September 19, 2023.

US firms in China are reporting “record-low” optimism and increasingly looking to move investment away from the country, a business group said today, as slowing growth and geopolitical tensions hurt investor confidence.

The findings by the American Chamber of Commerce (AmCham) Shanghai come as the government enacts a series of measures to prop up the sluggish economy.

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