Around 17% of US firms expect a fall in revenue from their Chinese businesses, with 20% reportedly planning to reduce staff resources this year, according to a new survey by the US-China Business Council. The survey, which was conducted last week, found that more than half (54 per cent) of companies plan to cut staff, while just over one third (28 per cent) said they would increase them.
Around 17% of US firms expect a fall in revenue from their Chinese businesses, with 20% reportedly planning to reduce staff resources this year, according to a new survey by the US-China Business Council. It is suggested that 15% of companies are reducing or ceasing investment in China while 35% reported reduced profitability in their Chinese operations, with stagnating domestic market growth in China, costs, rising competition, and an unstable political and regulatory environment, cited as key concerns.