Ninety-six percent of companies were negatively impacted by China’s Covid-19 control measures and more than 50% say their investment plans were paused, delayed, or canceled as a result, the council said.
Overall U.S.-China relations continue to rank among companies’ top challenges, along with Chinese policies on issues ranging from data, personal information, and cybersecurity to government procurement and intellectual property, the council said. As a result, the pace of planned new investment by American companies in China is expected to slow next year, it noted.