More American Firms in China Returning to Business as Usual: Survey
What’s new: Some 42% of U.S. businesses in China had returned to normal operation by mid-April, up from 22% a month earlier, according to a new survey by the American Chamber of Commerce in China.
But 67% of the 144 survey respondents said they expect their industry’s growth to stall this year due to the Covid-19 pandemic, up from 58% last month.
Background: Foreign businesses have been hit hard by the Covid-19 outbreak much the way domestic companies have. But they have also faced some more specific challenges due to their overseas roots.
Some 44% of respondents said they are facing challenges from government policies that have recently prevented their foreign staff from returning from abroad. And 77% of respondents said they are experiencing global travel disruptions, up from 45% last month, as the number of flights has been sharply curbed worldwide due to lack of demand and various travel restrictions.
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Contact reporter Yang Ge (firstname.lastname@example.org; twitter: @youngchinabiz)
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