News Snapshot:
Chinese companies have become less content with the US business environment due to an overall adverse impact of Covid-19 and China-US relations, but remain committed to American customers, an annual survey by the China General Chamber of Commerce (CGCC)-USA Foundation showed. The survey of 183 senior executives in March and April showed that 40 percent of the respondents said the US investment and business environment is “unsatisfactory” or “very unsatisfactory,” more than double from the 16 percent in 2019. Moreover, 79 percent of respondents said the business environment for Chinese companies has worsened substantially or moderately from a year ago,...
