Sentiment among U.S. businesses in China rebounded last year as worries eased over potential for rising tensions under President Donald Trump, though concerns remained about rising labor costs and the regulatory environment, according to an annual survey by a major American business association.
The American Chamber of Commerce in China also said in a report on its annual membership survey “even-handed enforcement of laws and regulations regardless of shareholder nationality” and an open investment environment were needed to reduce trade frictions between China and the United States.
At the same time, technology firms were the most optimistic about growth prospects in China in 2018.
It said e-commerce and “Internet +”, and the expanding, consumption-minded Chinese middle class were among the main drivers for US companies in the sector.
U.S. companies are more optimistic than a year ago about business prospects in China despite a backdrop of escalating trade tensions and worries over regulation, according to the latest annual survey by the American Chamber of Commerce in China.