U.S. companies say it’s harder to be profitable in China: AmCham China

Source: cnbc.com cnbc.com

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Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — More U.S. companies are finding it harder to make money in China than before the pandemic, raising concerns that businesses may not stay long. According to an annual survey released Thursday by the American Chamber of Commerce in China, 19% of member companies surveyed in 2023 said their earnings margins, before interest and taxes, were higher in China than they were globally. That's up from 12% in 2022, when many...