US firms in China upbeat on prospects


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US companies in China remain profitable and optimistic about their growth prospects in one of the world's fastest-growing markets, despite trade tensions and the pandemic, according to a survey released in Washington on Thursday. The survey conducted by the US-China Business Council in June among 107 US firms operating in China-almost half of all its members-found that 95 percent of the respondents said they made a profit last year, up from 91 percent the previous year. The companies' long-term confidence in the China market seemed not to have been dented by the strained relations between the two countries, as evidenced...