MNI BRIEF: US Firms In China Less Optimistic For 2025
MNI (BEIJING) - US firms in China are less confident in the country's market growth and more pessimistic on U.S.-China relations this year, an American Chamber of Commerce in China survey showed on Thursday.
In total, 68% of firms expected market growth in 2025, down from 76% in last year’s poll, while 27% of companies held pessimistic views on China-U.S. relations, up from 17% last year.
Risingtensions between Beijing and Washington remained the top business concern for chamber members, but competition with state and privately owned domestic firms climbed to second position from fifth last year.
China and the U.S. are unlikely to reach a standalone agreement on the appreciation of the yuan since any trade deal would inherently imply a resolution of bilateral trade disputes, a prominent economist told MNI in an interview. (See MNI INTERVIEW: China-U.S Yuan Deal Unlikely - Guan Tao)