February 01, 2024 02:14 GMT
MNI BRIEF: U.S. Firms In China Expecting More Profits In 2024
MNI (BEIJING)
MNI (Beijing)
U.S. firms in China have increased profit expectations and lowered risk assessment for U.S. China relations for 2024, according to a report by the American Chamber of Commerce on Thursday.
Firms with an optimistic or slightly optimistic outlook on the economy increased to 38% from 32% last year. While companies feeling pessimistic on U.S. China relations fell from 36% in 2023 to 17% this year. In terms of FDI, firms that believe the Chinese government comittment to open up its economy reached 43%, up from 32% last year.
Exports from China to the U.S. could also return to single digit growth this year as relations cool, a trade advisor recently told MNI. (MNI INTERVIEW: China Trade To Hit CNY44-45 Trillion In 2024)
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