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77% of US companies surveyed said they are not thinking about moving their business out of China

USA (bbabo.net), - The American Chamber of Commerce in China published the results of its own survey, in which US companies operating in China were asked to evaluate their business prospects. The survey was conducted from October to November last year, 343 American companies took part in it - a number of specialized TG channels in Russia report this today, February 2.

The results are as follows:

— 50% of respondents named China as the main or among the top 3 most promising investment destinations in the world.

— Almost half of American companies expect profit by the end of 2023.

— Compared to the survey a year ago, the number of those who gave a positive answer increased by 5%.

In addition, about 68% of US companies surveyed believe that their business in China will bring serious profits or even exceed the global average.

American businessmen named their main problems in China as difficulties in risk management, political aspects and uncertainty in Sino-American relations. The vast majority of companies surveyed believe that relations between Beijing and Washington are a key factor in developing their business in China. It is interesting that it is precisely the contradictions between the leadership of China and the United States that have been recognized in polls as the main problem for the last 4 years—the years of Biden’s rule, not Trump’s.

And further: 77% of American companies surveyed said that they are currently not even considering the possibility of moving production out of China or reducing purchases from China. P

Moreover, half of the companies participating in the survey are ready to invest additionally in China if the Chinese authorities expand access to the market.

And this despite the fact that the Western media are full of the most negative assessments and predictions about China - they predicted a further slowdown, a collapse of the real estate market, capital outflow, flight of foreign companies, and much more.

However, American businessmen either do not read Western media or do not entirely agree with them. Another thing is indicative - the business of the United States and China maintains strong ties, is not inclined to curtail relations and receives significant benefits from cooperation. And this is a fact that should be taken into account.

77% of US companies surveyed said they are not thinking about moving their business out of China