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US-China: AmCham China Survey Shows US Firms Optimistic About Market Growth

  • Only 12 per cent of the 345 US firms surveyed by the American Chamber of Commerce in China said the investment environment was deteriorating

  • This represented the lowest proportion since the question was first introduced in the 2012 survey

As China-US relations face some uncertainties, a survey by the American Chamber of Commerce in China (AmCham China) said that most US companies expect a rosy year for their business growth in the world's second-largest economy, citing China's early containment of COVID-19 and an improving investment environment.

The outlook among foreign businesses in China remains positive, largely due to the Chinese government's early and stringent response to stifle the virus, an improving investment climate, and anticipation of a more predictable policy environment, according to the survey, which was released on Tuesday.

"The optimistic results indicate that from the Chinese government to all companies along the Chinese supply chain, we have proved ourselves to be the most trustworthy partners amid extreme challenges such as the pandemic," Li Yong, deputy chairman of the Expert Committee of the China Association of International Trade, a think tank affiliated with the Chinese Ministry of Commerce (MOFCOM), told the Global Times on Tuesday.

The survey said that bilateral trade cooperation hasn't and can't be substantially disrupted, despite former US president Donald Trump's destructive policies panned out in the past three years, including tariffs, Li said.

According to the survey, 61 percent of US businesses view China as a priority investment destination and are confident that the Chinese government will further open the huge market to foreign investment.

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