Pandemic and Politics Aside, U.S.-China Trade Ties Continue, For Now

Despite an unprecedented downturn in U.S.-China relations during a pandemic, U.S. businesses are not leaving the China market. The U.S.-China Business Council released its annual survey of members Tuesday, which shows nearly 70 percent expressing optimism about the commercial prospects of the market, and 87 percent of companies reporting that they have no plans to shift production out of China. But those numbers contradict a trend of progressively diminishing optimism in the short- to medium-term prospects of the China market.