US Firms’ China Outlook Worst in Decades: Report

The closed office of the Mintz Group in an office building in Beijing on March 24, 2023. Five Chinese employees at the Beijing office of U.S. due diligence firm Mintz Group have been detained by authorities, the company said on March 24. Greg Baker/AFP via Getty Images

Vague laws, tensions with Washington over technology, geopolitics, and a slowing economy are key impediments for U.S.-based firms in China, according to an annual poll conducted by the American Chamber of Commerce (AmCham) in Shanghai.

“2023 was supposed to be the year investor confidence and optimism bounced back after years of Covid disruptions and restrictions,“ a report released by AmCham on Sept. 10 stated. ”According to our 2023 survey of U.S. businesses in China, however, the rebound has not materialized and business sentiment has continued to deteriorate.”