US business optimism in China rebounds

SHANGHAI- US companies' optimism about business conditions in China has recovered to hit three-year highs even though the firms have reservations about Beijing's COVID-19 policy, an annual survey showed on Thursday. 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…