US Companies Not Leaving China but Confidence Hits New Lows

A US-China Business Council survey indicates that American companies are not leaving the China market but COVID-19 and worsening bilateral relations are dampening business sentiment. Most are not leaving the China market. However, optimism surrounding the near-to-mid-term future is low as worsening ties between the United States and China as well as the COVID-19 pandemic have taken their toll on business sentiment.