Archives: In the News

[CNN Business] Foreign business urges China to change course on Covid

“We understand China choosing to prioritize health and safety above all else, but the current measures are throttling US business confidence in China,” said Colm Rafferty, Chairman for the Chamber in China, in a statement that accompanied the survey results. “Our member companies urge the government to achieve a more optimal balance between pandemic prevention, economic development, and opening-up of the country,” he added.

[South China Morning Post] China’s coronavirus controls are ‘throttling US business confidence’, American lobby groups says

The results of a new survey from the American Chamber of Commerce in China (AmCham China) show growing dissatisfaction with authorities’ handling of the outbreak. All 121 companies surveyed between April 29 and May 5 said they have been affected by the government’s Covid-19 policies.

[Bloomberg] More Than Half U.S. Firms in China See Lockdowns Hitting Revenue

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% of them lowered their income forecasts for this year following the latest outbreaks, according to a statement.