Focus on Arts and Ecology

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U.S. business optimism in China rebounds to three-year highs: survey

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September 24, 2021 


U.S. companies' optimism about business conditions in China has recovered to hit a three-year highs, an annual survey by the American Chamber of Commerce in Shanghai and consultancy PwC China showed on Thursday.

The report attributed the renewed optimism to rising revenues as well as ebbing concerns over the COVID-19 pandemic in China.

"Business in China recovered quickly from last year's lockdown," said Ker Gibbs, president of the American Chamber of Commerce in Shanghai, which published the survey that was conducted between mid-June and mid-July.

Of the 338 respondent companies, 78 percent described themselves as "optimistic or slightly optimistic" about their five-year business outlook in 2021, nearly 20 percentage points more from 2020 and a return toward 2018 levels, the survey said.

(Sources: China Report)

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