Survey: US firms staying put in China
Print Edition
US businesses are not leaving the Chinese market despite 鈥渁n unprecedented downturn鈥 in US-China relations during the COVID-19 pandemic, according to an annual member survey released by the US-China Business Council on Tuesday.
鈥淏oth our data as well as conversations with members indicate that American companies remain committed to the China market over the long term,鈥 said the survey.
The USCBC is a trade group representing more than 200 US companies that do business with China.
Eighty-three percent of companies counted China as either the top or among the top five priorities for their company鈥檚 global strategy, showed the survey, which was conducted in late May and June, among more than 100 USCBC member companies.
Projections about the five-year business outlook in China are similarly sanguine, with nearly 70 percent expressing optimism about the commercial prospects of the market, the survey said.
Ninety-one percent of companies indicate their China operations are profitable, albeit at a lower margin than in years past, the survey showed, noting that the primary restraint on profitability is COVID-19 and its impact on the economy.
As a result of this long-term confidence in the China market, 87 percent of companies reported no plans to shift production out of China.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
