Surveys were recently conducted at the American Chamber of Commerce in China and the European Union Chamber of Commerce in China. They respectively found China to be a major investment destination and the next harbor of their businesses' expansion. Official estimates of economists' confidence have likewise been encouraging as the evaluation index of...
"The negative impact of tariffs is clear and hurting the competitiveness of American companies in China," the American Chamber of Commerce in China and AmCham Shanghai said in announcing the results of a survey of nearly 250 companies conducted May 16-20.
Concerns are rising that China could slow or even roll back reform pledges because of the trade war. The American Chamber of Commerce of China said on Wednesday that nearly half its members were seeing non-tariff barrier retaliation.
The American Chamber of Commerce of China and its sister body in Shanghai found that increases in US and Chinese tariffs were having a negative impact on the business of three-quarters of the 250 respondents, as orders were drying up owing to rising manufacturing costs and prices.