The American Chamber of Commerce in Shanghai just released the results of an annual poll and the results were not good. American companies in China are struggling and optimism about the future of the Chinese economy has dropped to a record low.
Out of 306 companies polled, a record-low 66% were profitable in 2023, according to the China business report published by the American Chamber of Commerce in Shanghai.
The report also found that only 47% of respondents were optimistic about their business outlook in China over the next five years, the lowest in the survey’s history of more than two decades…
“It’s a balance between risk and reward,” said Eric Zheng, president of AmCham Shanghai, during a news conference ahead of the report’s publication.
“The perceived risks of doing business in China have gone up in the past few years, but at the same time the market is slowing…
