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American Businesses in China Express Gloomy Economic Outlook

Wednesday, 25 March 2020 23:26 WIB Global

American businesses operating in China have turned bearish about the Chinese economy after more companies reported drops in revenues and market demand as a result of the global coronavirus pandemic, a U.S. business lobby's survey showed on Wednesday. Some 76% of 119 company executives expressed a pessimistic outlook towards China's future economic growth, according to an American Chamber of Commerce in China (AmCham China) survey. The survey showed that the consumer, resource and industrial sectors are most pessimistic about the disease's impact, with 38% of them expecting a decrease of 50% or more in future growth.  On Monday, a prominent investment bank in China — China...

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Tuesday, 24 March 2020 18:32 WIB Global

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