US Business Confidence in China at All-Time Low: Survey

A record 25 percent of U.S. companies scaled back their investments in China last year, citing concerns about the country’s slowing economic growth.

Motorists commute on a street in the Lujiazui financial district in Shanghai on June 5, 2024. Hector Retamal/AFP via Getty Images

U.S. companies’ confidence in the Chinese market has plummeted to a record low, a survey by the U.S. Chamber of Commerce in Shanghai shows. Factors such as geopolitical tensions and China’s slowing economic growth are affecting investment strategies.

The report paints a grim assessment of China’s economy by foreign investors. Only 47 percent of respondents to the chamber’s survey said they are optimistic about the business outlook in China over the next five years—the lowest level since the chamber began conducting the survey 25 years ago.