A record-high proportion of U.S. companies in China have frozen new investment plans, with tariffs and U.S.–China relations among their top concerns, a new survey has found.
Other top concerns include the ruling Chinese Communist Party’s (CCP’s) tight regulatory controls, such as export restrictions, sanctions, investment screenings; Chinese industrial policies that favor domestic companies; China’s slowing economic growth and lack of domestic demand; the CCP’s opaque business environment; and industrial overcapacity that is affecting a broader range of sectors.
According to the annual survey, published on July 16 by the Washington-based U.S.-China Business Council (USCBC), more than half of U.S. companies in China, or 52 percent, have no plans to invest in China this year, up from 20 percent last year….