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Over 80% of US firms feel less welcome in China: survey

Written by Bobby

The American Chamber of Commerce in China's annual business climate survey finds more than 60% of respondents have little or no confidence that Beijing will open China's markets further in the next three yearsMore than 80 percent of American companies feel China is less welcoming to foreign businesses than in the past, a US business lobby group reported Wednesday, as trade tensions surge between the world’s top two economies. Slowing growth, rising protectionism, and unfair policy treatment for non-Chinese firms have led a vast majority — 81 percent — of respondents to the American Chamber of Commerce in China’s annual business climate survey to say they felt “less welcome” in the country last year. The report came as China’s President Xi Jinping won acclaim from the global elite at the World Economic Forum in the Swiss resort of Davos for a speech Tuesday in which he defended globalisation and said that protectionism “is like locking oneself in a dark room”.

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