Oddbean new post about login | logout Optimism of US firms in China at record lows: report ========== American firms in China face unprecedented challenges, with optimism and profitability at all-time lows; AmCham Shanghai's report shows only 47% of 306 US businesses optimistic about the next five years, down from 52% last year; 66% reported profitability last year, another record low; geopolitical tensions between Beijing and Washington worsen, impacting trade; EUCCC warns of mounting risks and decreasing rewards for over 1,700 EU firms; consumer spending remains low, threatening deflation; Biden administration's tariffs raise fears of renewed trade war ahead of November's election; manufacturing overcapacity in sectors like solar panels and electric vehicles criticized by Western governments. #UsFirms #China #Optimism #BusinessReport #Amcham #Euccc #GeopoliticalTensions #TradeTariffs #EconomicChallenges #Profitability https://www.bssnews.net/business/209149
Optimism of US firms in China at record lows: report ========== American firms in China face unprecedented challenges, with optimism and profitability at all-time lows; AmCham Shanghai's report shows only 47% of 306 US businesses optimistic about the next five years, down from 52% last year; 66% reported profitability last year, another record low; geopolitical tensions between Beijing and Washington worsen, impacting trade; EUCCC warns of mounting risks and decreasing rewards for over 1,700 EU firms; consumer spending remains low, threatening deflation; Biden administration's tariffs raise fears of renewed trade war ahead of November's election; manufacturing overcapacity in sectors like solar panels and electric vehicles criticized by Western governments. #UsFirms #China #Optimism #BusinessReport #Amcham #Euccc #GeopoliticalTensions #TradeTariffs #EconomicChallenges #Profitability https://www.bssnews.net/business/209149 nostr.fmt.wiz.biz