US business optimism in China rebounds to pre-trade war levels

> > Reuters 03:04 PM 03:04 PM BdST People walk past an office compound in Beijing’s Central Business District (CBD), China, July 13, 2021. REUTERS Beijing’s wide-ranging crackdown on companies has also unnerved US firms, an American industry lobby executive said. The American Chamber of Commerce in Shanghai, which conducted the survey with consultancy PwC China, attributed the renewed optimism to rising revenues as well as ebbing concerns over the COVID-19 pandemic in China, which has largely gotten control over its spread with a zero-tolerance policy. US-China relations reached a nadir in 2019 during the Trump administration, which launched a…