Foreign Firms Slow Expansion Plans in China, Survey Finds

Foreign companies are tempering their business expansion in China as they navigate uncertainties stemming from the country’s slowing economy and tensions with the United States. Still, the majority retain a positive outlook on China’s long-term economic prospects, a survey found.

The American Chamber of Commerce (AmCham) in South China Tuesday published results of a survey showing that 40% of companies studied said they are not planning to expand in China over the next three years, a rise of 9% from a year ago and the highest on record.