U.S. firms sour on their future in China as trade war bites: AmCham

The China-U.S. trade war is souring the profit and investment outlook for U.S. c...

SHANGHAI - The China-U.S. trade war is souring the profit and investment outlook for U.S. companies operating in the world’s second-biggest economy, a survey by a prominent American business association showed.

Five-year optimism sunk for the first time since 2015, when China’s stock markets nosedived and the authorities fumbled their response. “With no sign of a trade agreement, 2019 will be a difficult year; without a trade deal, 2020 may be worse,” the AmCham report said. Over a quarter of poll respondents said they had redirected investments originally planned for China to other locations – up 6.9 percentage points from the previous year. Southeast Asia was the top destination, followed by India.

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