Caixin Global

The upcoming Year of the Dog isn’t exactly barking out a strong welcome for foreign firms in China. According to the latest edition of the annual “2018 China Business Climate Survey Report,” released by AmCham China last week, some 75% of respondents said they feel less welcome in China than in the past — not a very positive indicator for this key survey of foreign business sentiment.

We should be fair and point out the outlook was even worse in the previous two years, with 81% and 77% of respondents saying they felt less welcome in 2016 and 2015, respectively. But no matter how you slice it, three-quarters of respondents saying they feel less welcome in China doesn’t seem all that positive.