This complicated landscape has made it harder for businesses to navigate successfully within both countries, according to the US-China Business Council.
American companies have set up more than 70,000 businesses in China. At the same time, nearly 3,000 Chinese companies have come to the United States, according to Xu Xueyuan, deputy chief of mission and minister of the Chinese embassy in Washington. And while China has been a booming place for international trade during the last four decades, its economic growth has also started to lag behind expectations, largely due to the government's restrictive Covid-19 policies.
A survey from the American Chamber of Commerce in the People's Republic of China conducted in May revealed that American business leaders identified China's two-week mandatory quarantine , its restrictions on international travel, and the trouble companies are having complying with new regulations as the most significant problems affecting their businesses.
"In a complex, changing, and increasingly contested environment, the business operations and investments of Chinese companies in the U.S. outlined a mixed picture of slightly recovered performances and mounting uncertainties bred by the tumultuous circumstances throughout 2021," the China General Chamber of Commerce wrote in a statement on June 30.
Source: News Formal (newsformal.com)
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