In our exclusive interview with Timothy Stratford, the Chairman of the American Chamber of Commerce, also the Managing Partner of the Convington & Burling LLP based in Beijing, he said it’s not practical to move U.S. companies out of China as it will cause severe damage to the U.S. economy. China has been capable of manufacturing high-tech items, and...
Soon after, a survey by Amcham China, which represents U.S. businesses, showed that a third of its members were planning to shift the sourcing of components or assemble some goods outside of China.
Timothy Stratford, chairman of the American Chamber of Commerce, said, "Since the 1980s, I have seen many foreign companies invest in Tianjin, and now about 180 US companies have businesses in Tianjin."
Among US companies taking part in the China business climate survey published by the American Chamber of Commerce in China, the technology and telecommunications, automotive and services sectors were among the most pessimistic about US-China relations.