US companies in China have grown more pessimistic about their revenue prospects in the country, but say the main reason is slowing economic growth rather than the impact of tariffs, according to a business group poll.
The proportion of companies surveyed by the American Chamber of Commerce in Shanghai that expect revenue to grow in China this year dropped by a third from last year to 50 per cent. Those expressing optimism about their prospects over the next five years dropped by a fifth to 61 per cent.
However, they cited China’s slowing economy as a greater concern than the deepening trade war between Beijing and Washington.
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