The Shanghai American Chamber of CommerPolitical tensions, the slowdown in China's economic growth, and the fierce domestic competition impact, the optimistic optimism of American companies in China in the next five years in China has fallen to a record low.
According to Reuters, a survey released by the Shanghai American Chamber of Commerce on Thursday (September 12) shows that only 47%of American companies are optimistic about the prospects of Chinese business in the next five years, falling five more than last year.One percentage point.
This is the lowest level since the community launched a member survey in 1999.The survey also shows that the number of companies profitable last year was 66%, which was also a record low.
Allan Gabor, chairman of the Shanghai American Chamber of Commerce, said that the decline in profitability is caused by various factors."Domestic demand, currency is tight, of course, we cannot ignore the members' views and concerns about geopolitical politics."
Anggo Bo also said: "This involves how we develop investment and operations of future business plans in China"
306 U.S. companies who received survey came from various industries.Data from the US State Department showed that in 2023, the US direct investment in China decreased by 14%compared with the previous year to US $ 163 billion (S $ 212.6 billion).
