American Businesses Say China’s Slowdown Is a Greater Threat Than the Trade War – The Wall Street Journal

0
5
American Businesses Say China’s Slowdown Is a Greater Threat Than the Trade War – The Wall Street Journal


SHANGHAI—American companies are downshifting in China as its economy slows and trade tensions with the U.S. persist, according to a new survey that highlights softening revenue, reduced investment and job cutbacks.

The annual survey, released Wednesday by the American Chamber of Commerce in Shanghai, showed that 51% of the business lobby’s responding members said U.S. and Chinese tariffs had hurt revenue. However, Amcham members pointed to the interrelated issue of China’s economic weakening as the more pressing factor clouding…

Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here