More Surveyed Companies in China Failed to Turn a Profit in 2021 Amid Covid, AmCham Says

By Tang Ziyi, Xiang Kai and Zhong Tengda

Of 230 companies surveyed, 82% said they made a profit in China last year, a drop of 13 percentage points from 2019, according to a report released by the American Chamber of Commerce in South China.

Fewer surveyed companies operating in China turned a profit in 2021 than the pre-epidemic level in 2019, a business group’s survey found, pointing to the adverse impact of Covid-19 flare-ups on business operations.

Of the 230 surveyed companies, 82% said they made a profit in China last year, a drop of 13 percentage points from 2019, when 240 companies were studied, according to the survey report released by the American Chamber of Commerce in South China on Tuesday.

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