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U.S. business outlook on China hits record low amid slowing economy and geopolitical tensions

FILE - A man with a shopping bag walks out from a ZARA flagship store at a shopping mall in Beijing, on June 21, 2023. American companies operating in China view tensions with Washington over technology, trade and other issues as a major hindrance for their businesses there, according to a survey by the American Chamber of Commerce in Shanghai. (AP Photo/Andy Wong, File)
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U.S. and Chinese flags are seen in this illustration taken Jan. 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Overview

  • U.S. businesses in China report record low optimism in 5-year outlook.
  • Top factors driving pessimism are geopolitics, China's economic slowdown.
  • Major business challenges include U.S.-China tensions, lack of transparency.
  • Pressure on U.S. firms to decouple from China also a concern.
  • COVID restrictions easing fails to improve business sentiment.