( ) -q-26- UNDATED (Correspondent Jeremy House) “over two decades.” A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits. [CutID: <Cuts> CHINA-US-COMPANIES-house-q-THUam.mp3 Time: 26s Title: CHINA-US-COMPANIES-house-q-THUam Out-cue: over two decades] TAG: Correspondent Jeremy House reporting. China and the U.S. have in recent years […]
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US companies see record-low profits in China
( ) -q-26- UNDATED (Correspondent Jeremy House) “over two decades.”
A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits.
[CutID: <Cuts> CHINA-US-COMPANIES-house-q-THUam.mp3
Time: 26s
Title: CHINA-US-COMPANIES-house-q-THUam
Out-cue: over two decades]
TAG: Correspondent Jeremy House reporting. China and the U.S. have in recent years clashed over issues like trade and manufacturing, as well as China’s claims over the South China Sea. China is also grappling with a slowing domestic economy post-COVID.
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VERBATIM: The low profits are the result of business confidence being at an all-time low amid U.S.-China tensions and a slowing Chinese economy. Out of 306 companies polled, a record-low 66% were profitable in 2023. The report also found that only 47% of respondents were optimistic about their business outlook in China over the next five years, the lowest in the survey’s history of over two decades.