mandag 23. november 2020

Most U.S. companies optimistic about doing business in China after Biden’s win, survey finds

The outlook for U.S. businesses in China is improving, whether politically or revenue-wise, the American Chamber of Commerce in Shanghai said in a survey released Friday. Out of 124 company leaders surveyed from Nov. 11 to 15, only two said they are more pessimistic about doing business in China following President-elect Joe Biden’s win this month. Just over half, or 54.8%, said they are “more optimistic” and 8.1% are “much more optimistic” given the expected change from President Donald Trump’s administration, the survey found.

“The majority of our respondents look at it as a positive,” Ker Gibbs, president of AmCham Shanghai, told CNBC in a phone interview. “The Biden administration would be a positive to the stability of the environment, the stability of the relationship.”