Fraying ties between Beijing and the West have become the biggest worry for U.S. and European businesses in China, reports from a pair of business groups said this week. “This Beijing-Washington dialogue—they need to work this out."
@Trefor1 @AmChamSh on.wsj.com/3ijoIZ9
@Trefor1 @AmChamSh on.wsj.com/3ijoIZ9
@Trefor1 @AmChamSh Worsening bilateral ties now overshadow the rise of Chinese competitors (58%), China’s slowing economy (49%) and increasing labor costs (38%) as the main source of anxiety for U.S. companies operating in China.
@Trefor1 on.wsj.com/3ijoIZ9
@Trefor1 on.wsj.com/3ijoIZ9
@Trefor1 @AmChamSh The European Chamber is also concerned. “There now seems to be a growing list of sectors that either restrict foreign investment, or in which support is provided to China’s national champions to the extent that it squeezes out any potential…competition."
on.wsj.com/3ijoIZ9
on.wsj.com/3ijoIZ9
@Trefor1 @AmChamSh Despite the politics, decoupling remains unlikely for most American businesses, with 59% expressing optimism about their prospects in China and 70% saying they have no intention of shifting production. “The growth story here in China is still very strong."
on.wsj.com/3ijoIZ9
on.wsj.com/3ijoIZ9
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