The combined effect of these new rules would be to increase the cost and risk of doing business in China, said Lester Ross, a Beijing-based attorney and chairman of the American Chamber of Commerce in China policy committee.
According to a survey in May by the American Chamber of Commerce in China, more than 40 per cent of about 250 member companies questioned were considering or had already moved parts of their supply chain operations away from China.
A survey released in May by two branches of the American Chamber of Commerce in China found that fewer than 6% of the companies that were shifting or considering moving production out of the Middle Kingdom were choosing the U.S. as a new destination. Instead, nearly 25% were relocating production to Southeast Asia.
Citing a survey by the American Chamber of Commerce in China, fewer than 6 percent of American companies are considering movie their factories from China to US because of the trade war, the report said.