China still a big draw for top US companies

Businesses bullish on growing profits and operations, says AmCham survey

Despite lingering uncertainties about the COVID-19 pandemic, nearly 75 percent of the companies from the United States remain optimistic on expanding their operations and earning profits in China over the next two years, the American Chamber of Commerce in China said on Tuesday.

Though the growth rates of many US companies had slowed due to the pandemic and the China-US economic and trade tensions, nearly 26 percent of the AmCham members reported higher earnings before interest and tax margins in China vis-a-vis their global operations, according to the chamber's annual business climate survey.

The study said that foreign companies in China remained positive on the business outlook, largely due to the Chinese government's early and stringent response to the pandemic, an improving investment environment, and anticipation of a more predictable policy environment.