US companies reported a dire economic picture in China, following COVID-19 outbreaks that have spread across the country in recent weeks, according to a new Flash Survey from the American Chamber of Commerce in China (“AmCham China”). The foreign business community’s confidence in doing business in China continues to decrease, with all 121 company respondents to the survey saying they had been negatively impacted by China’s policies concerning the recent outbreak, citing a range of factors.
On April 14, 2022, AmCham China held the virtual launch of the 2022 Social Impact Reports. Over 100 representatives from member companies, think tanks, and relevant organizations joined the event, which marked the culmination of the second annual Social Impact Initiative (SII).
A new joint flash survey from AmCham China and AmCham Shanghai out today reveals 99% of respondents have been impacted by the recent COVID-19 outbreak in China. The survey focused on quantitative issues such as COVID-19’s expected impact on corporate revenues, investment decisions, and talent retention. The survey also included questions on China’s management of COVID-19 and provides member company’s top recommendations on how to improve regulations.
中国美国商会与上海美国商会于 3 月 29 日至 30 日开展了快速调查，以了解新冠肺炎疫情对会员企业在华运营的影响。本次调查共收集来自167 家会员企业的反馈。
US companies in China reported a mixed picture, balancing slightly improved business performance last year with growing uncertainty about the future of China’s business environment, according to a new survey released by the American Chamber of Commerce in China. While 2021 revenue and profitability rebounded compared to 2020, they have yet to return to pre-pandemic levels.
AmCham China has advocated tirelessly for the past three years for the extension of non-taxable allowances for expatriate employees at the central and local levels. These non-taxable allowances, which include housing, education, and language training, had been set to become fully taxable in 2022. This was a top AmCham China member concern, expected to result in a further decrease of international assignments to China.
三年来，中国美国商会一直锲而不舍地为外籍个人津补贴个税优惠政策的延续实施在中央和地方各个层面奔走、呼吁。此前，包括住房补贴、语言训练费、子女教育费等在内的津补贴个税豁免政策原定于 2022 年1月1日起正式全面取消。因这一举措预计将进一步打击外籍人员来华工作的热情，这一问题曾一度成为中国美国商会会员企业最关注的首要挑战。