CHINA-US: US-CHINA BUSINESS COUNCIL SURVEY CLAIMS 70 PER CENT OF U.S. COMPANIES IN CHINA ARE POSITIVE ABOUT OUTLOOK FOR NEXT 5 YEARS

Caixin (August 15) that a US-China Business Council survey released on August 11 showed that nearly 70% of member companies said they are optimistic about the five-year business outlook in China. The survey showed that 83% counted China as either the top priority for their company’s global strategy or among the top five. Reflecting long-term confidence in the China market, 87% of companies reported no plans to move production out of China, while only 4% said they shifted or planned to shift operations to the U.S. because of lagging consumer demand in China. The remaining 11% reported recent or planned production moves to other parts of the world, with Thailand and Mexico the leading alternative destinations.







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