CHINA-ECONOMY: AMERICAN BUSINESS INVESTMENT IN CHINA SLOWS
The annual China Business Climate Survey, conducted by the American Chamber of Commerce in China late last year, found that 21% of member companies reported declines in revenue in 2019, compared with 7% in 2017. The proportion of members reporting profitability fell from 73% in 2017 to 61% in 2019, the lowest in two decades. The survey was conducted before the signing of the U.S.-Sino phase one trade deal and the Covid-19 outbreak.
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