Chinese firms hold steady on US market

After rocky 2020, businesses maintain long-term view despite strains, poll finds

Chinese companies operating in the United States are trying to look on the bright side for their prospects in the key market after a bruising 2020 in which their businesses were buffeted by the COVID-19 outbreak and souring US-China relations.

Some 83 percent of Chinese companies surveyed said they expect their new business investment in the US to remain the same or increase this year, according to the 2021 Annual Business Survey Report on Chinese Enterprise in the US, conducted by the China General Chamber of Commerce, or CGCC, in the US.

"Despite serious challenges in 2020, Chinese companies continue to view the US market as an investment priority and remain committed to it for the long term," said Abby Li, director of research at the CGCC.