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+---- Thread: Most U.S. companies optimistic about doing business in China after Biden’s win (/thread-357.html)
Most U.S. companies optimistic about doing business in China after Biden’s win - superadmin - 11-20-2020
Most U.S. companies optimistic about doing business in China after Biden’s win, survey finds
- Out of 124 company leaders, just over half, or 54.8%, said they are “more optimistic” and 8.1% are “much more optimistic” about doing business in China following President-elect Joe Biden’s win, according to a survey by the American Chamber of Commerce in Shanghai released Friday.
- “The Biden administration would be a positive to the stability of the environment, the stability of the relationship,” Ker Gibbs, president of AmCham Shanghai, told CNBC in a phone interview.
- However, uncertainty remains as only 13.7% of respondents plan to increase investment in China, with the majority sitting tight or undecided on their local development plans.