Oct 28, 2022 09:26 PM

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U.S. Firms Report Mixed Outlook for China Operations, Survey Shows

China’s stringent zero-Covid restrictions have impacted supply chains for 80% of the survery's respondents. Photo: VCG

China’s stringent zero-Covid restrictions have impacted supply chains for 80% of the survery's respondents. Photo: VCG

Nearly one fifth of the around 300 companies surveyed by the American Chamber of Commerce in Shanghai said they are cutting investment in China due to recurring Covid-19 control measures, though more than half remained optimistic about their five-year business outlook.

The annual China Business Report released Friday found 19% of the 307 respondents decreased investment in China this year, citing Covid-related shutdowns, travel restrictions and supply chain disruptions as the top reasons. In 2021, only 10% of respondents said they had decreased investment.

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