Archives: In the News

[South China Morning Post] US-China decoupling: Beijing, Washington urged to work on ‘real’ plans for bilateral engagement

“In the past, what has made China attractive to our member companies has been the country’s clear long-term strategic development goals, significant market opportunity, and a highly supportive and predictable business environment,” Rafferty said. “But, today, our members feel that the business environment has become a lot less predictable, largely due to the pandemic and its related restrictions. More worryingly, members don’t see any light at the end of the tunnel.”

[Bloomberg] AmCham China on China Business Sentiment (video)

The American Chamber of Commerce in China President Michael Hart discusses the latest findings of the AmCham China White Paper which lays out a number of policy recommendations for the Chinese and US governments. Hart speaks to Haslinda Amin and Rishaad Salamat on “Bloomberg Markets Asia”. 

[Bloomberg] US, European Firms Rethink China Investment After Lockdowns

“The Covid lockdowns this year and the restrictions over the past two years are going to mean that three, four, five years from now, we will most likely see investment decline,” Michael Hart, president of the American Chamber of Commerce in China, said Tuesday in Beijing.

[华尔街日报] 中国对外贸易放缓，受需求下降和防疫封控拖累

中国美国商会 周一公布在4月底和5月初对其121个成员进行的调查结果，该商会表示，因应最近的新冠疫情，超过一半的成员推迟或减少在中国的投资，58%的成员预计今年的收入将比预期的要弱。近60%的受访成员表示仍未满负荷运转，理由包括人员短缺和物流困难。

[财新] 中国美国商会调查：六成美资企业下调2022年营收预期 部分企业减少或推迟投资

人员及供应链挑战为当前在华美企的最大担忧，决定减少、推迟在华投资计划的美国企业均占到26%. 中国美国商会5月9日发布的一项调查显示，近六成受访在华美资企业已下调2022年度营收预期，超过一半的企业表示在华投资计划被推迟或已计划减少投资。

[The Washington Post] U.S. companies cut China investments

American businesses in China are slashing investments and lowering revenue projections as coronavirus lockdowns hit operations and supply chains, a survey shows. More than half of the 121 companies polled by the American Chamber of Commerce in China have either reduced or delayed investment in the country, while nearly 60 percent of them lowered their income forecasts for this year following the latest outbreaks, according to a statement.

[The Wall Street Journal] China’s Trade Slows as Demand Drops and Covid-19 Lockdowns Hit Supply Chains

In a survey of 121 of its members conducted in late April and early May that was published Monday, the American Chamber of Commerce in China said more than half have delayed or reduced investment in China in response to the latest Covid-19 outbreaks and 58% expect revenue this year to be weaker than forecast.

[CNBC] More U.S. companies in China cut forecasts, scale back investments as Covid persists

More U.S. businesses in China are cutting revenue expectations and plans for future investment as Covid controls drag on, a new survey found. Between late March and late April, the share of respondents reporting an impact from Covid restrictions rose by 4 percentage points to 58%, according to an American Chamber of Commerce in China survey released Monday.

[Barron’s] U.S. Companies in China Caution About Covid. How the Economy Could Be Hit

U.S. companies have largely stayed steadfast in their commitment to remaining in China, but a new survey shows rising concern as the government locks down in response to Covid-19. The results are the latest indication of the difficulties facing the nation’s economy, and how those issues could affect the changing shape of globalization.

[Asia Financial] US Business Confidence in China Getting Worse, AmCham Warns

More than half of the American companies operating in China say they have delayed or cut investments as they evaluate their options globally, and foreign staff are less willing – or simply refusing – to shift to China. This is the dire picture presented by a flash survey of 121 companies by the American Chamber of Commerce in China between April 29 and May 5.