US firms in China most pessimistic since 1999, survey says
Summary
A survey found that US businesses in China are the least optimistic they have been since 1999. Only 41% of these businesses are hopeful about the next five years, primarily due to US-China tensions and other global political issues.Key Facts
- Only 41% of US businesses in China are optimistic about their future business outlook.
- This 41% optimism rate is the lowest since 1999.
- Only 45% of businesses expect their revenues to grow in 2025.
- Just 12% consider China the top place for investment, the lowest since the survey began.
- Businesses face challenges mainly due to US-China tensions and world political issues.
- Nearly 50% want US tariffs on Chinese goods stopped, and 42% support ending Chinese tariffs on US goods.
- Over 70% of the surveyed businesses were profitable in 2024, an improvement from 2023.
- Almost 50% feel China's rules for businesses are now clearer, up by 13 points from the previous year.
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