AmCham Survey Findings Show US Businesses Bullish on China in 2021


Source: china-briefing.com china-briefing.com

Key Topics in this News Article:

News Snapshot:

A majority of US businesses still bullish on China and are optimistic about its market growth potential. They intend to expand their operations in the country despite US-China tensions, increasing competition from local players, and hiring challenges. Pharmaceuticals, medical devices, and life sciences companies as well as automotive, non-consumer electronics, and industrial manufacturers are among the most optimistic. Contrary to expectations, over 72 percent of respondents said that they had no plans to move supply chains out of China in the next three years. On September 23, 2021, American Chamber of Commerce in Shanghai (AmCham Shanghai) released the 2021 China...