American companies in China are more optimistic and confident in growth, thanks to the continuous efforts by the Chinese government to improve business environment for foreign companies.
That’s according to the 2018 American Business in China White Paper released by the American Chamber of Commerce (AmCham China) on Wednesday morning.
William Zarit, chairman of the American Chamber of Commerce in China, said Wednesday that companies hope Beijing can be persuaded to ease curbs on investment and business activity.
Zarit said companies don't favor investment and export restrictions but want equal treatment "and this seems to be one of the ways to do that."
William Zarit, chairman of the American Chamber of Commerce in China, said Washington's threat of tariffs appeared to have been "somewhat effective" thus far.
"I don't think it is only a tactic, personally," he told reporters on Wednesday, adding that the group does not view tariffs as the best way to address the trade frictions.
As a result of Trump’s tariff threat, Washington is in very intense negotiations with Beijing “in a way that we haven’t been for so many years,” said the chamber chairman, William Zarit. He said companies hope Beijing can be persuaded to “level the playing field” by easing curbs on foreign investment and business activity in its state-dominated economy.