Fragile diplomatic ties between China and the United States remain the most pressing concern for U.S. firms in China and Hong Kong, but many continue to report higher profitability, according to the latest annual business climate report by the American Chamber of Commerce in China.
While anxieties over the U.S.–China relationship have increased since 2021, rising tensions between the two countries emerged as a key concern for the third consecutive year in the American Chamber’s (AmCham) latest survey. There is growing concern about inconsistent laws and regulations, increasing labor costs, data security concerns, and growing competition from private Chinese firms.
