SINGAPORE—Sentiment about operating in China among US businesses has plummeted to a new low, driven largely by Beijing’s continued use of sudden Covid-19 lockdownsan annual survey by an American business group found.
The poll of member companies by the US-China Business Council found American multinationals looking confident in the near-term prospects for their China ventures, according to results published Monday. This year, 21% of respondents said they were pessimistic or somewhat pessimistic about their five-year business outlook in the world’s second-largest economy, compared with 9% last year.
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