Trade conflicts aside, Chinese firms remain active in US market, survey finds

Trade conflicts aside, Chinese firms remain active in US market, survey finds

A recent survey conducted by a Chinese business group in the United States shows that Chinese companies are still interested in doing business in the United States, even though things are difficult. Most companies surveyed (nearly 60%) want to continue investing the same amount of money in the United States, and some (30%) even want to invest more.

The survey also found that many Chinese companies are concerned about the relationship between the United States and China and the overall health of the U.S. economy. More than 60 percent of respondents believe the economic environment in the United States is getting worse. There is also much more concern (93 percent compared to 81 percent last year) that the United States and China are unable to work well together.

The US government has recently made it harder for Chinese companies to do business in the US. They have tightened their grip on some Chinese industries, imposing sanctions on some Chinese companies and products, and even trying to prevent Chinese companies from purchasing some US businesses.

The survey found that the biggest challenges for Chinese companies in the United States are confusion over U.S. rules and sanctions and the negative feelings that many Americans have toward China. More than 65 percent of respondents said U.S. rules and sanctions were the biggest problem, while 59 percent said negative feelings were the second biggest problem.

The survey also showed that many Chinese companies are earning less than before. In fact, there was a “significant decline in performance” last year, similar to what happened in 2020 during the pandemic. In 2023, more companies reported revenue declines than in 2022, with a larger decline for some companies.

The head of the Chinese business group said that both Chinese and US companies must work together to reduce trade tensions and political problems. He said that trade and investment have always been important to both the United States and China and that China is still a very important trading partner for the United States.

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Mattie B. Jiménez

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