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Thread: #US companies cancel investment into #China at a faster clip, survey shows - The Shanghai US Chamber of Commerce latest member survey shows many US firms in China are getting hurt by tariffs, prompting them to move more quickly away from China cnbc.com/2019/09/11/tra…
U.S. firms in the mainland said restrictions to accessing the local market have also made it difficult for them to carry out their business, the AmCham report said - The AmCham research, conducted in partnership with PwC, surveyed 333 US companies on the business climate in China
Some American companies in China are speeding up their move away from the mainland as increasing tariffs continue to hurt their businesses. That’s according to a survey released by the American Chamber of Commerce in Shanghai on Wednesday.
More than a quarter of the respondents – or 26.5% – said that in the past year, they have redirected investments originally planned for China to other regions. That’s an increase of 6.9 percentage points from last year, the AmCham report said.
U.S. firms in the mainland also said restrictions to accessing the local market have made it difficult for them to carry out their business, the report said.
Asked about the best possible scenarios in ongoing trade negotiations, more than 40% of respondents said greater access to the domestic market would be the most important outcome to help their businesses succeed.
That was followed by more than 28% that ranked improved intellectual property protection as key.

The third most hoped-for outcome of the trade talks was “increased purchases of U.S. goods,” at 14.3%, the survey showed.
One of the longstanding complaints US companies have about operating in China is that many industries are closed to foreign businesses. In the sectors that are open, it's difficult to compete with state-owned enterprises or private companies that benefit from local connections.
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