US Business Confidence in China Shaken Amid Growing Impact of COVID-19 Outbreaks
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.
