"It's a balance between risk and reward," said Eric Zheng, president of AmCham Shanghai, during a news conference ahead of the report's publication. "The perceived risks of doing business in China have gone up in the past few years, but at the same time, the market is slowing down, with soft demand and overcapacity." This insight highlights the duality facing American businesses as they navigate significant operational risks amid a contracting demand landscape.
The AmCham report found that a record high of 25% of companies polled cut investment in China in 2023, largely driven by concerns over China's slowing growth. This indicates a significant shift in strategy among U.S. companies, as fears about the economic environment in China lead them to seek alternate markets.
#us-china-relations #business-confidence #economic-outlook #investment-trends #american-chamber-of-commerce
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