US companies are unlikely to heed Donald Trump’s call to ditch their investments in China despite a tougher business environment in the country and the escalating trade war between Washington and Beijing, the leader of a prominent lobby group for US multinationals said on Thursday.
“Our members are in China for the long term. None of them are anticipating orders to leave,” Craig Allen, the head of the US-China Business Council, told reporters in Washington. “We want to make this bilateral relationship strong and healthy from a commercial sense and encourage the two sides to get back to the negotiating table.”
Mr Allen’s remarks came amid hopes that a phone call between senior US and Chinese officials on Thursday could pave the way for a resumption of face-to-face talks to ease tensions between the world’s two largest economies as early as next month.