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A recent survey by a Chinese business group in the US shows that Chinese companies are still interested in doing business in the US, even though things are tough. Most of the companies surveyed (almost 60%) want to keep investing the same amount of money in the US, and some (30%) even want to invest more.
The survey also found that many Chinese companies are worried about the relationship between the US and China, and the overall health of the US economy. More than 60% of those surveyed said the business environment in the US is getting worse. There’s also a lot more concern (93% compared to 81% last year) that the US and China won’t be able to work together well.
The US government has made it harder for Chinese companies to do business in the US lately. They’ve been checking some Chinese industries more closely, putting sanctions on some Chinese companies and products, and even trying to block Chinese companies from buying certain US businesses.
The survey found that the biggest challenges for Chinese companies in the US are the confusing US rules and sanctions, and the negative feelings many Americans have about China. More than 65% of those surveyed said the US rules and sanctions were the biggest problem, and 59% said the negative feelings were the second-biggest problem.
The survey also showed that many Chinese companies are making less money than they used to. In fact, there was a “significant decline in performance” last year, similar to what happened in 2020 during the pandemic. More companies reported revenue declines in 2023 than in 2022, with a bigger drop for some companies.
The head of the Chinese business group said that both Chinese and US businesses need to work together to reduce trade tensions and political problems. He said that trade and investment have always been important for both the US and China, and that China is still a very important trading partner for the US.
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