U.S. Firms Weigh China Alternatives Amid Political Tension, Survey Shows
A majority of U.S. companies say they are maintaining their operations in China, while uncertainty in bilateral relations remains to be their top business challenge, a recent American Chamber of Commerce in China report showed.
In an annual Business Climate Survey released Wednesday, nearly three quarters of the surveyed members reported that they have no plan to move their supply chain outside of China. However, the poll did find a 10 percentage points increase in the number of companies considering or having already started to relocate manufacturing and sourcing outside of China, up from 14% in 2022.
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