Bloomberg News

U.S. companies in China face one of the most challenging environments in decades in 2017, the American Chamber of Commerce in China said.

Political and economic transitions in the U.S. and China, increasing perception of animosity toward foreign businesses, and slowing growth are dimming the outlook, AmCham said in a report Tuesday. Despite recent rhetoric regarding opening and globalization, investment barriers remain high, it said in its annual American Business in China White Paper.