For years, U.S. companies in Shanghai have been steadfastly optimistic about opportunities in China. That's starting to change
SHANGHAI—American companies are downshifting in China as its economy slows and trade tensions with the U.S. persist, according to a new survey that highlights softening revenue, reduced investment and job cutbacks.
The annual survey, released Wednesday by the American Chamber of Commerce in Shanghai, showed that 51% of the business lobby’s responding members said U.S. and Chinese tariffs had hurt revenue. However, Amcham members pointed to the interrelated issue of China’s economic weakening as the more pressing factor clouding...
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